Problem

OPTIMAL SELLING PRICE A manufacturer can produce bookcases at a cost of $80 apiece. Sales...

OPTIMAL SELLING PRICE A manufacturer can produce bookcases at a cost of $80 apiece. Sales figures indicate that if the bookcases are sold for x dollars apiece, approximately 150 − x will be sold each month. Express the manufacturer’s monthly profit as a function of the selling price x , draw the graph, and estimate the optimal selling price.

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