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OpenStudy (anonymous):
Rite cut riding lawnmower obeys the demand equation p=-1/20x+1060. The cost of producing x lawnmowers is given by the function c(x)=120x+5000 a)Express the revenue R as a function of x b)Express the profit P as a function of X c)Fine the value of x that maximizes profit. What is the maximum profit? d)What price should be charged to maximize profit?
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