Question: 2 . 1 . Formulate the cost functions for each of the three locations. ( 3 marks ) 2 . 2 . Using a range
Formulate the cost functions for each of the three locations. marks
Using a range of production output of units at intervals of units, plot the total production cost curves
of the three locations on the same graph. marks
Formulate the profit functions for each of the three locations. marks
Determine the profits of the three locations for an estimated production and sales volume of units per year.
marks
Based on the estimated production and sales volume of units per year, which of the three locations would
you recommend for the location of the new manufacturing facility?
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