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Mathematics, 10.04.2020 19:23 momo842

Philip, the proprietor of a vineyard, estimates that the first 10,000 bottles of wine produced this season will fetch a profit of $2/bottle. However, the profit from each bottle beyond 10,000 drops by $0.0002 for each additional bottle sold.

Assuming at least 10,000 bottles of wine are produced and sold, what is the maximum profit? Round your answer to two decimal places.

What would be the price/bottle in this case? Round your answer to the nearest cent.

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