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What closing time should 21 st Century Liquors choose to maximize profits? Calculate the increase in profits (relative to the current closing time of 10pm)
What closing time should 21st Century Liquors choose to maximize profits? Calculate the increase in profits (relative to the current closing time of 10pm) that would result from extending store hours to 4am. If you recommend a different closing time, calculate the increase in profits (again relative to the current closing time) that would result from your recommendation.
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