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OpenStudy (anonymous):
Phillip, the proprietor of a vineyard, estimates that the first 10400 bottles of wine produced this season will fetch a profit of $5 per bottle. However, the profit from each bottle beyond 10400 drops by $0.0003 for each additional bottle sold. Assuming at least 10400 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.) What would be the profit/bottle in this case? (Round the number of bottles down to the nearest whole bottle. Round your answer correct to the nearest cent.) Please Help!
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