What is the nonlinear profit function for the XYZ company? Simplify the terms as much as possible
The XYZ manufacturing company produces ball bearings. The annual fixed cost is $20,000 and the variable cost per ball bearing is $3. The price is related to demand according to the following equation: 1000 - 8p.
Answer: Z = 1024p - 8p2 - 23,000
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