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12 Nov 2019

5. Suppose a company manufactures and sells x picture frames each month with a total cost of C = 1,200 + 3.5x dollars. If the revenue obtained by selling x frames is R = 9x – 0.002x2, find the number of frames it must sell if its monthly profit is to be at least $2,300.

6. The owner of a used book store charges $2 for quality paperbacks and usually sells 40 per day. For every 10-cent increase in the price of these paperbacks, he thinks that he will sell two fewer per day. What is the price he should charge (to the nearest 10 cents) for these books to maximize his income. (Hint: Let x = the number of 10-cent increases in price

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Tod Thiel
Tod ThielLv2
13 May 2019

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