"The Hickory Cabinet and Furniture Company makes chairs. The fixed cost per month of making chairs is $7,500, and the variable cost per chair is $40. Price is related to demand, according to the following linear equation: v = 400 - 1.2p Graphically illustrate the profit curve developed . Indicate the optimal price and the maximum profit per month.
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"The Hickory Cabinet and Furniture Company makes chairs. The fixed cost per month of making
chairs is $7,500, and the variable cost per chair is $40.
the following linear equation: v = 400 - 1.2p Graphically illustrate the profit curve developed . Indicate the optimal price and the
maximum profit per month.
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