The demand function for a new laptop is p(x) = -3x + 40 where p(x) represents the selling price, in hundreds of dollars, and x is the number of laptops sold, in hundreds. The cost function is C(x) = 16x + 20. a. Determine the profit function. b. Calculate the maximum possible profit.

Intermediate Algebra
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Chapter9: Functions
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The demand function for a new laptop is p(x) = -3x+40 where p(x) represents the selling price, in
hundreds of dollars, and x is the number of laptops sold, in hundreds. The cost function is C(x) = 16x + 20.
a. Determine the profit function.
b. Calculate the maximum possible profit.
Transcribed Image Text:The demand function for a new laptop is p(x) = -3x+40 where p(x) represents the selling price, in hundreds of dollars, and x is the number of laptops sold, in hundreds. The cost function is C(x) = 16x + 20. a. Determine the profit function. b. Calculate the maximum possible profit.
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