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OpenStudy (anonymous):
Rite-Cut riding lawnmowers obey the demand equation p=-(1/20)(x)+950. The cost of producing x lawnmowers is given by the function C(x)=110x+3000. a) Express the revenue R as a function of x. b) Express the profit P as a function of x. C) Find the value of x that maximizes profit. What is the maximum profit? d) What price should be charged in order to maximize profit?
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