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OpenStudy (anonymous):
Worldwide quarterly sales of Nokia cell phones were approximately q = -p+156 million phones when the wholesale price was $p. It costs Nokia $40 to manufacture each phone. a.Find the revenue function R(p) 40x –p +156,000,000 b.Find the cost function C(p) c.Find the profit function P(p) d.Find the price p that would give the maximum profit. Show work. e.What is the maximum profit?
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