A boutique handmade umbrella factory currently sells 24000
A boutique handmade umbrella factory currently sells 24000 umbrellas
per year at a cost of 8 dollars each. In the previous year when they raised the price to 16 dollars, they only sold 12000 umbrellas that year. Assuming the amount of umbrellas sold is in a linear relationship with the cost, what is the maximum revenue?
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