(b) KKW Insurance Company could sell 30 travel insurance policies providing coverage on trip cancellation for every month if they imposed RM35 for each policy. If KKW decreases the price per policy by RM2, then KKW can sell 1 additional travel insurance policy. If KKW increases the price per policy by RM2, then KKW sells 1 less travel insurance policy. Fixed cost is RM150. KKW will pay the agent commission fees RM20 per policy. (1) Construct the price function of the travel insurance policy. (7 marks) (ii) Construct the cost function of the travel insurance policy. (2 marks) (iii) Construct the revenue function of the travel insurance policy. (2 marks) (iv) Construct the profit function of the travel insurance policy. (3 marks) (v) What is the maximum monthly profit that KKW Insurance Company can achieve from selling the travel insurance policies? (3 marks) [Total : 25 Marks] (b) KKW Insurance Company could sell 30 travel insurance policies providing coverage on trip cancellation for every month if they imposed RM35 for each policy. If KKW decreases the price per policy by RM2, then KKW can sell 1 additional travel insurance policy. If KKW increases the price per policy by RM2, then KKW sells 1 less travel insurance policy. Fixed cost is RM150. KKW will pay the agent commission fees RM20 per policy. (1) Construct the price function of the travel insurance policy. (7 marks) (ii) Construct the cost function of the travel insurance policy. (2 marks) (iii) Construct the revenue function of the travel insurance policy. (2 marks) (iv) Construct the profit function of the travel insurance policy. (3 marks) (v) What is the maximum monthly profit that KKW Insurance Company can achieve from selling the travel insurance policies? (3 marks) [Total : 25 Marks]