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A bakery in the seaside resort town of Malvino sells freshly baked bread to two categories of consumers: residents of the town and tourists. The

A bakery in the seaside resort town of Malvino sells freshly baked bread to two categories of consumers: residents of the town and tourists. The weekly demand from tourists is given by the following demand function for prices between 0 and 5:

Qxtd = 600 120Pxt

The weekly demand from locals is given by the following demand function for prices between 0 and 3:

Qxld = 540 180Pxl

The bakery's total cost function is:

TC=1.20Q

What is the total profit when profit maximized?

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