Question 1 The profit equation for a product is given by the function of its sales quantity K as: P (K) = K -- 100K + 1,600 for 0 Q200 Where P is the estimated to be the profit in /month earned by K units sold each month. 1.1) At what sales rate would the company be able to breakeven? (3 marks) 1.2) a) Explain without calculations if you would be earning a minimum profit, and justify your answer. 1 b) Determine the sales rate at which the a. minimum or maximum profit 1.5 b. minimum or maximum loss would be obtained 1.5 (4 marks) 1.3) Depending on your answer to 1.2 b) above calculate the corresponding maximum/minimum profit and corresponding loss that could be generated. (4 marks) 1.4) draw a diagram to illustrate your answers to 1.2) and 1.3) above (4 marks) (Total 15 marks) Question 1 The profit equation for a product is given by the function of its sales quantity K as: P (K) = K -- 100K + 1,600 for 0 Q200 Where P is the estimated to be the profit in /month earned by K units sold each month. 1.1) At what sales rate would the company be able to breakeven? (3 marks) 1.2) a) Explain without calculations if you would be earning a minimum profit, and justify your answer. 1 b) Determine the sales rate at which the a. minimum or maximum profit 1.5 b. minimum or maximum loss would be obtained 1.5 (4 marks) 1.3) Depending on your answer to 1.2 b) above calculate the corresponding maximum/minimum profit and corresponding loss that could be generated. (4 marks) 1.4) draw a diagram to illustrate your answers to 1.2) and 1.3) above (4 marks) (Total 15 marks)