A manufacturer of kitchen appliances is preparing to set the price on a new blender. Demand is thought to depend on the price and is represented by the following model D=2,400 - 4P The accounting department estimates that the total cost can be represented by the following model. C= 4,700 + 6D Develop a mathematical model for the total profit TP in terms of the price, P A mathematical model for the total profit in terms of the price P is TP = (Simplify your answer Do not factor.)

A manufacturer of kitchen appliances is preparing to set the price on a new blender. Demand is thought to depend on the price and is represented by the following model D=2,400 - 4P The accounting department estimates that the total cost can be represented by the following model. C= 4,700 + 6D Develop a mathematical model for the total profit TP in terms of the price, P A mathematical model for the total profit in terms of the price P is TP = (Simplify your answer Do not factor.)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 47P

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