Business Use the revenue and cost graphs for the Webster Cell Phone Company in Example 6 to do Exercise.
The company must replace its aging machinery with better, but much more expensive, machines. In addition, raw material prices increase, so that monthly costs go up by $250,000. Owing to competitive pressure, phone prices cannot be increased, so revenue remains the same. Under these new circumstances, find the approximate profit from manufacturing the given number of phones.
(a) 20,000
(b) 36,000
(c) 40,000
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