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In his efforts to support the fifth phase government in her endeavour to become an industrialised nation and reduce the unemployment level, engineer Roche
In his efforts to support the fifth phase government in her endeavour to become an industrialised nation and reduce the unemployment level, engineer Roche invented a simple special technology of construction blocks and decided to patent it, in which he became a His total cost monopoly of the production of blocks. function is: C = 23Q1/50 and C 16Q2/25 for the type of block 1 and 2 respectively, if the demand of the same is Q 1011.5P-25 and Q2 803.2-5P. Required: a) Find out how many blocks of each type does he sell and at what price? (5 marks) (5marks) b) Find the total profit c) If the government imposes a tax of $ 5.00 for each block of type 1 and a tax of $20.00 for each block of type 2. i) How many blocks will he sell and at what price? What will be the profit? ii) (5 marks) (5 marks)
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