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1. The ACME company which is in the publishing industry has quantified the relationship between the price of one of its books and the annual

1. The ACME company which is in the publishing industry has quantified the relationship between the price of one of its books and the annual demand for this product as Price (p) = 150 0.01D (D = annual quantity). The fixed costs per year (CF) = $40,000 and the variable cost per unit (Cv) = $30. a. What is the maximum profit? b. What is the unit price of D that maximizes the profit?

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