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OpenStudy (hockeychick23):
The CarryItAll mini-van, a popular vehicle among soccer moms, obeys the demand equation p=-1/40x+19,000. The cost of producing x vans is given by the function C(x)=15200x+30,000. a) Express the revenue R as 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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