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.

Q: The demand function for a new laptop is p(x) = -3x + 40 where p(x) represents the selling price, in…

A: The demand function is The cost function is

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