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The manager of a small firm is considering whether to produce a new product that would require leasing some special equipment at a cost of $20,000...

The manager of a small firm is considering whether to
produce a new product that would require leasing some special
equipment at a cost of $20,000 per month. In addition to this
leasing cost, a production cost of $10 would be incurred for each
unit of the product produced. Each unit sold would generate $20
in revenue.
Develop a mathematical expression for the monthly profit
that would be generated by this product in terms of the number
of units produced and sold per month. Then determine how large
this number needs to be each month to make it profitable to produce
the product.


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Please increase the deadline to at least 48 hours... View the full answer

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