Question 2 A company manufactures and sells x units of audio system per month. The cost...

Transcribed Image Text:

Question 2 A company manufactures and sells x units of audio system per month. The cost function and the price function (in RM) are given as below. Cost: C(x) = 40,000 + 600 x Price: p(x) = 3,000 - 0.15 x (a) Determine the revenue function and marginal revenue function. Hence find the marginal revenue at x = 2000 and interpret your answer. (5 marks) (b) Find the number of units produced and sold to maximize revenue and calculate the maximum revenue. (4 marks) (c) Determine the profit function. Hence find the breakeven quantities rounded to the nearest unit. (7 marks) Question 2 A company manufactures and sells x units of audio system per month. The cost function and the price function (in RM) are given as below. Cost: C(x) = 40,000 + 600 x Price: p(x) = 3,000 - 0.15 x (a) Determine the revenue function and marginal revenue function. Hence find the marginal revenue at x = 2000 and interpret your answer. (5 marks) (b) Find the number of units produced and sold to maximize revenue and calculate the maximum revenue. (4 marks) (c) Determine the profit function. Hence find the breakeven quantities rounded to the nearest unit. (7 marks)

Answer rating: 100% (QA)

a The revenue function is given by multiplying the number of units sold x by th... View the full answer