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A manufacturer of kitchen appliances is preparing to set the price on a new blender. Demand is thought to depend on the price and is
A manufacturer of kitchen appliances is preparing to set the price on a new blender. Demand is thought to depend on the price and is represented by the following model. D =2,400 - 3P The accounting department estimates that the total cost can be represented by the following model. C =5,600+ 4D Develop a mathematical model for the total profit TP in terms of the price, P. A mathematical model for the total profit in terms of the price P is TP =]. (Simplify your answer. Do not factor.)
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