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seasonal product has a selling price of $100 during the selling season. At the end of the season, he manufacturer can sell it at a
seasonal product has a selling price of $100 during the selling season. At the end of the season, he manufacturer can sell it at a discounted price of $25. The total cost of this product to the nanufacturer is $50. Based on historical sales data, the manufacturer estimates the demand for this roduct for the entire season as follows: 1- How many products should the manufacturer produce to maximize the expected profit? 2-What is the expected profit corresponding to the optimum amount of production
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