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An ofce supply company manufactures and sells X permanent markers per year at a price of P /unit. The Price/Demand equation for the markers is:
An ofce supply company manufactures and sells X permanent markers per year at a price of P /unit. The Price/Demand equation for the markers is: p =1 50.00 1X 1 Write the Revenue function 2- What level of production and what price should the company charge for the markers to maximize revenues? The total cost of manufacturing is: C(x)=4,500+2 3- Write the Company's Prot function 4 What level of production and what price should the company charge for the markers to maximize prots? 5- Draw a graph representing the Company's Cost and Prot Function Now the Government decides to tax the Company in 3 for each marker produced. Taking into account this additional cost: 6 Write the company's new Cost function 7 Write the company's new Prot function 8 What level of production and what price should the company charge for the markers to maximize prots (with these new conditions)
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