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The Hickory Cabinet and Furniture Company makes chairs. The fixed cost per month of making chairs is $ 7 , 5 0 0 , and
The Hickory Cabinet and Furniture Company makes chairs. The fixed cost per month of
making chairs is $ and the variable cost per chair is $ Price is related to demand, according to
the following linear equation:
Develop the nonlinear profit function for this company and determine the price that will maximize
profit, the optimal volume, and the maximum profit per month.
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