Question
BUSINESS MATHEMATICS . 1a) A company produces whitening soap. The marginal cost and marginal revenue functions of the product are given as follows. Total cost:
BUSINESS MATHEMATICS.
1a) A company produces whitening soap. The marginal cost and marginal revenue functions of the product are given as follows.
Total cost: C(x) = 2000x2 + 4000x
Marginal revenue: R(x) = 28000 10000x
Where x is the number of units produced and sold.
Find the quantity that will maximize profit if the fixed cost of the product is RM100,000.
QUESTION 1B
The weekly average cost function, AC(x) and the weekly marginal revenue function, R(x) of a kitchen cabinet model produced by a company are given as follows
Average cost: AC(x): 2x 60 + 360/x
Marginal revenue: R(x): -4x + 916
Where x is the level of production
cheg please find
i. A weekly fixed cost
ii. The increase in revenue when the level of production is increase from 20 to 26 units.
iii. The level of production when the cost is minimized
iv. The weekly profit and price per unit when profit is maximized.
Please ma/sir. solve and snap thank you
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