New Sports Bike You have designed a new style of sports bicycle! Now you want to make lots of them and sell them for profit. Your costs are going to be: $700,000 for manufacturing set-up costs, advertising, etc $110 to make each bike Based on similar bikes, you can expect sales to follow this "Demand Curve": Units Sold Demand Curve Cost (5) TE 100 2001 2001 200 Determine the unit sales if p is the unit price of the bike. Determine the profit function and find the price for each bike, find the unit sales, sales in dollars, costs for the maximum profit. bo w to p=c-s # New Sports Bike You have designed a new style of sports bicycle! Now you want to make lots of them and sell them for profit. Your costs are going to be: $700,000 for manufacturing set-up costs, advertising, etc $110 to make each bike Based on similar bikes, you can expect sales to follow this "Demand Curve": Units Sold Demand Curve Cost (5) TE 100 2001 2001 200 Determine the unit sales if p is the unit price of the bike. Determine the profit function and find the price for each bike, find the unit sales, sales in dollars, costs for the maximum profit. bo w to p=c-s #