Question: 2 . 1 . Formulate the cost functions for each of the three locations. ( 3 marks ) 2 . 2 . Using a range

2.1.Formulate the cost functions for each of the three locations. (3 marks)
2.2.Using a range of production output of 0200000 units at intervals of 5000 units, plot the total production cost curves
of the three locations on the same graph. (5 marks)
2.3.Formulate the profit functions for each of the three locations. (3 marks)
2.4.Determine the profits of the three locations for an estimated production and sales volume of 175000 units per year.
(3 marks)
2.5.Based on the estimated production and sales volume of 175000 units per year, which of the three locations would
you recommend for the location of the new manufacturing facility?

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