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A company produces a product at a variable cost of $10. The company is interested in maximizing its contributions and profits. There are 5 potential

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A company produces a product at a variable cost of $10. The company is interested in maximizing its contributions and profits. There are 5 potential customers each of who will buy 1 at the most. The maximum price that each customer is willing to pay for the product is given below: Customer willingness to Pay Jane $20 Paul $30 Dave $40 Bill $50 Amy $60 QUESTIONS: 1. At what price should the company sell the product so as to maximize total contribution? 2. How much total contribution will the company make at that price

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