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Find the price that produces the maximum profit on the range from $200 to $700. The manufacturer should set the price on the new blender at $ for a maximum profit of $ (Type whole numbers.)

Find the price that produces the maximum profit on the range from $200 to $700. The manufacturer should set the price on the new blender at $ for a maximum profit of $ (Type whole numbers.)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A manufacturer of kitcken appliances is preparing to set the price on a new blender. Implement the given model on a spreadsheet and construct a one-way data table to estimate the price for which profit is maximized. Total Profit=-17,520 +2519P-2P2 Find the price that produces the maximum profit on the range from $200 to $700. The manufacturer should set the price on the new blender at $ for a maximum profit of $ (Type whole numbers.)
Transcribed Image Text:A manufacturer of kitcken appliances is preparing to set the price on a new blender. Implement the given model on a spreadsheet and construct a one-way data table to estimate the price for which profit is maximized. Total Profit=-17,520 +2519P-2P2 Find the price that produces the maximum profit on the range from $200 to $700. The manufacturer should set the price on the new blender at $ for a maximum profit of $ (Type whole numbers.)
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