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A small-scale manufacturer can sell q number of units of each product produced per week at a price of (18 - 0.02q) pesos. It costs

A small-scale manufacturer can sell q number of units of each product produced per week at a price of (18 - 0.02q) pesos. It costs P8 to make each unit of the product. The fixed cost associated with producing and selling the product weekly is P450.

Determine:

a. The TR, TC and profit Function.

b. Production level to break-even.

c. Production level to maximize profit.

d. Maximum profit at this level.

e. Interpret the meaning of the two break-even points

Note: Please make sure the solutions are clear and readable.

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