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The cost, in dollars, to produce x number of equipment is C(x) = 2x + 7000, x 0 and the price-demand function, in dollars per equipment, is p(x) = 10…
The cost, in dollars, to produce x number of equipment is C(x) = 2x + 7000, x ≥ 0 and
the price-demand function, in dollars per equipment, is p(x) = 10 – 0.001x, 0 ≤ x.
C(x) denotes the cost to produce x items and p(x) denotes the price-demand function in the given economic scenario.
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