Question: Q 3 : - Solve the following problem: A new Electrical Company had started producing an electrical circuit bourd that ean maxtmize the pro with
Q: Solve the following problem:
A new Electrical Company had started producing an electrical circuit bourd that ean maxtmize the pro with a working lime of eight hours a day, for days a month; over months a year. An Engineer pt linear relationship between price and demand which has form of Knowtng that the maxtin adjusted selling price with no units equals $ per unit, and maximum totat reventie $ $ per Capacity for this company is circuit boardyear List of the costs for units pet ycar are:
Costs:
Rent of the building onth
Circuit board cost month
Electricity cost month
Forman cost
Labor in production cost th
Printer ink cost onth
Packaging cost month
Calculate :
A Write general equation of the total Revenue, and total Costs?
B Calculate maximum profit can gain per year? Are you sure this is the maximum pro?
C Find range of the profitable range?
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