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Business, 08.07.2019 20:20 megamorph

During the summer months terry makes and sells necklaces on the beach. last summer he sold the necklaces for $10 each and his sales averaged 20 per day. when he increased the price by $1, he found that the average decreased by two sales per day. (a) find the demand function (price p as a function of units sold x), assuming that it is linear. p(x) = (b) if the material for each necklace costs terry $4, what should the selling price be to maximize his profit? $ per necklace

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