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Question 10 A company producing stereos can produce a stereo for $115 on top of the company's annual fixed cost of $512000. If the price

Question 10

A company producing stereos can produce a stereo for

$115

on top of the company's annual fixed cost of

$512000.

If the price (demand) function for the stereos is given by

p(q)=0.95q+45000,

how stereos must the company produce and sell to earn a profit of

$2,625,295?

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