A manufacturer of digital cameras estimates that when cameras are sold for x dollars apiece, consumers will
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A manufacturer of digital cameras estimates that when cameras are sold for x dollars apiece, consumers will buy 8,000e−0.02x cameras each week. He also determines that profit is maximized when the selling price x is 1.4 times the cost of producing each unit. What price maximizes weekly profit? How many units are sold each week at this optimal price?
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Related Book For 
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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