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Question 1. A small village has only one Italian restaurant. The daily demand for dinners in this restaurant is P = 120 2Q, where P
Question 1. A small village has only one Italian restaurant. The daily demand for dinners in this restaurant is P = 120 2Q, where P is the price in E and Q is the number of dinners. It has a fixed cost of 300 and a marginal cost of 10 for the first 15 dinners. If it wants to produce more than 15 dinners, it must pay overtime wages to its workers, with the marginal cost rising to 20. What is the maximum amount of profit the restaurant can earn? Illustrate your answer on a diagram. n..__..1_._ n
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