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USE EXCEL TO SOLVE THIS The Rolling Creek Textile Mill makes denim. The monthly fixed...

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Accounting

USE EXCEL TO SOLVE THIS

The Rolling Creek Textile Mill makes denim. The monthly fixed cost is $8,000, and the variable cost per yard of denim is $0.35. Price is related to demand, according to the following linear equation:

v=17,0005,666 pv=17,0005,666 p

Develop the nonlinear profit function for the textile mill, and determine the optimal price, the optimal volume, and the maximum profit per month.

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