Question 1. The total production cost (TC) and the unit selling price (SP) of a new product

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Question 1.
The total production cost (TC) and the unit selling price (SP) of a new product are
given as a function of the sales volume (t) as follow:
TC (t) = 32,500 + 300 t SR
SP (t) = 1000 – t SR/unit
Determine:
a. The maximum revenue that can be obtained.
b. Range of possible profit.