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The Ironhill Brewery produces beer. The annual fixed cost is $150, and the variable cost per barrel is $16. Price is related to demand, according

The Ironhill Brewery produces beer. The annual fixed cost is $150, and the variable cost per barrel is $16. Price is related to demand, according to the following demand equation:

v= 7500 - 53.8p

Develop the nonlinear profit function for the brewery and determine the price that will maximize profit and volume.

  1. Price:

  1. Volume:

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