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Answer:
p=32-c (*Units in million $)
Step-by-step explanation:
Let r be the revenue realized in any given year.
-Given that c=cost and p= revenue
#We notice that the profit, cost or revenue realized in one year is independent of the prior or subsequent year.
-Therefore, the revenue function is independent of time and is expressed as:
Hence, the yearly profit for any given year is expressed as p=32-c (*Units in million $).