- 0.00031q² – 0.0738q + 539 and Suppose D(q) P(q) = – 0.00031q° – 0.0738q² + 416.4q – 14300. What is the price you should set this item in order to get the maximum profits possible? Use an appropriate whole number value of q to get your answer. Answer: Best price = $ (Round to the nearest penny.) Hint: You will use the demand function to find the price.

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A: We have to find the old price.

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