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(C) A company invests in a particular project and it has been estimated that after 8 months of running, the cumulative profit ('000) from the
(C) A company invests in a particular project and it has been estimated that after 8 months of running, the cumulative profit ('000) from the project is given by the function Y= 31.5x -3x2-60, where x represents time in months. The project can run for nine months at the most. i. Draw a graph which represents the profit function ii. Calculate the break-even time points for the project iii. What is the initial cost of the project? iv. Use the graph to estimate the best time to end the project QUESTION 2 a) A manufacturer has marginal Cost (MC) and the Marginal Revenue (MR) in Ghana Cedis (GH) for its production run in a particular product is given by MR = 400 - 3X and MC = 5x + 50 where X units are produced and sold per month. Find each of the following: i. Find the Total Revenue and Total Cost Function. ii. Determine the Profit Function iii. The Output that gives the maximum profit iv. The maximum profit (C) A company invests in a particular project and it has been estimated that after 8 months of running, the cumulative profit ('000) from the project is given by the function Y= 31.5x -3x2-60, where x represents time in months. The project can run for nine months at the most. i. Draw a graph which represents the profit function ii. Calculate the break-even time points for the project iii. What is the initial cost of the project? iv. Use the graph to estimate the best time to end the project QUESTION 2 a) A manufacturer has marginal Cost (MC) and the Marginal Revenue (MR) in Ghana Cedis (GH) for its production run in a particular product is given by MR = 400 - 3X and MC = 5x + 50 where X units are produced and sold per month. Find each of the following: i. Find the Total Revenue and Total Cost Function. ii. Determine the Profit Function iii. The Output that gives the maximum profit iv. The maximum profit
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