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A store sells 1000 units of a product per month at a price of $20 each. It can sell 100 more units for each $1
A store sells 1000 units of a product per month at a price of $20 each. It can sell 100 more units for each $1 reduction in price. The cost of each unit is $5
A. Formulate the profit equation.
B. Find the number of units sold in a month that maximizes the profit.
C. Find the price per unit and the quantity that maximizes the revenue.
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