Instructions: Use pencil. Pay attention to units. You must show all your work to receive full credit. Round any answers to the nearest dollar or as specified. You inherit a company and are placed in charge of the division that manufactures and sells (wholesale) lids for steel storage drums. Having completed your calculus course, you naturally want to apply your knowledge to better run the company's operations. 1. Read sections 2.7 and 3.7 in your textbook. 2. Consider the demand (also called price) equation for your lids: 2p - 2,400,000 = 2q3 44672 800q where p is the price in dollars) your company charges per million lids and q (in millions of lids) is the quantity of lids your company sells. 3. The cost in dollars) to produce q millions lids is given by the equation: C = q* 250q3+20,000q2 + 500q + 1500 for 0