Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Follow the instructions QUESTION ONE A company is selling an item for p.= Sh.5, Profit is related to selling price p by P =50000p-6250p. 2

Follow the instructions

image text in transcribed
QUESTION ONE A company is selling an item for p.= Sh.5, Profit is related to selling price p by P =50000p-6250p. 2 1) Is the profit an increasing function or a decreasing function when p. = 52 If the price is changed to Sh.4.75, find whether profit would increase or decrease and find the change in profit. ili) Ar what price is the profit maximized

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

China's Water Pollution Problems

Authors: Claudio O Delang

1st Edition

1317209257, 9781317209256

More Books

Students also viewed these Economics questions

Question

Peoples understanding of what is being said

Answered: 1 week ago

Question

The quality of the proposed ideas

Answered: 1 week ago