XYZ Ltd. produces and sells a product branded "Xedo". The product is produced in two departments; manufacturing and assembly. The marginal revenue (MR) of XYZ Ltd. is given by the function MR-600-0.12q Where q is the number of units produced and sold. The total variable cost (VC) for the two departments is given as follows: Manufacturing department VC=60q+0.06q Assembly department VC = 12q +0.03q The total fixed cost for each of the departments is as follows: Sh. 40,000 120,000 Manufacturing department Assembly department Required: (i) (iii) The total revenue, total cost and profit functions of XYZ Ltd. The profit maximising level of output. The maximum profit of XYZ Ltd. (6 marks) (2 marks) (1 mark)