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Assume price (p) and demand (v) are related by following function: v = 100 - 2.5 p . If fixed cost = $500 and variable
Assume price (p) and demand (v) are related by following function:v= 100 - 2.5p. If fixed cost = $500 and variable cost = $10. Assuming price (p) is the decision variable, then the maximized profit is______. (Please round the answer to the nearest integer)
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