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1) Maximizing profit The demand for cat food approximately satisfies the equation p =46-3x and the total cost of producing x units of cat food

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1) Maximizing profit The demand for cat food approximately satisfies the equation p =46-3x and the total cost of producing x units of cat food is C(x) =65 +7x . Where x is measured in thousands of pounds, and the price and total cost are measured in hundreds of dollars. Determine the level of production and the corresponding price that maximize the profit

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