A company sells x units of an items each day at the rate of Ksh. 50 per unit. The cost of manufacturing and selling these units is Ksh. 35 per unit plus a fixed daily overhead cost of Ksh. 1000.
i. Determine the profit function.
ii. Interpret the situation if the company manufactures and sells 400 units of the items a day.

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The detailed answer for the above question is provided below Solution i Profit Function Profit 50 35... View the full answer