Question: Could someone solve 1 and 2 ? Math 1 0 5 Optimization Project You will produce a memo to the Chief Operating Officer ( COO

Could someone solve 1 and 2?
Math 105 Optimization Project
You will produce a memo to the Chief Operating Officer (COO) of the company detailing your work from the following prompts. Be sure to include all necessary formulas. Include an analysis of the profits, justification for the results, and a summary of the findings.
Below is a company's first two quarter's sales for their T-shirt and Jeans. The company decided to raise prices between the first and second quarter of the year.
Below is the company's costs associated with both the T-shirts and Jeans.
1. What price should we sell the T-shirt and jeans in order to maximize revenue? What will be the corresponding demand for the maximum price? Justify your answers with all supporting work.
2. What is an approximate cost curve for each product? How much product must be bought to minimize the cost for each? Approximately how often will the products be ordered? What is the cost per item?
3. Estimate the maximum profit and put forth an explanation and justification for your results. What was the profit (or loss) per item? How can the company increase the profits (or decrease their losses)?
Could someone solve 1 and 2 ? Math 1 0 5

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