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The 2Flee Footwear Company intends to launch a new brand of designer shoes. They anticipate that revenue from the sale of these shoes will vary with the selling price in the following way:
where y is revenue and x is the selling price (both in £).
(a) At what price will revenue be maximized?
(b) Demonstrate with reference to the second derivative that the revenue equation will be at a maximum at this price.
(c) What is the maximum revenue?
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