Problem

MANUFACTURING COST A manufacturer can produce tires at a cost of $20 apiece. It is estimat...

MANUFACTURING COST A manufacturer can produce tires at a cost of $20 apiece. It is estimated that if the tires are sold for p dollars apiece, consumers will buy 1, 560 – 12p of them each month. Express the manufacturer’s monthly profit as a function of price, graph this function, and use the graph to determine the optimal selling price. How many tires will be sold each month at the optimal price?

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Solutions For Problems in Chapter 1.2