The revenue function of a product is R = 28q - q and the unit variable...

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The revenue function of a product is R = 28q - q² and the unit variable cost v = q - 8 while fixed cost is Sh.64. Determine the following: Total cost function Profit function Output and price for maximum profit. Show that the output for maximum profit is not necessarily the same as the output for maximum revenue. Represent the above functions on a graphical sketch. a) b) c) d) e) The revenue function of a product is R = 28q - q² and the unit variable cost v = q - 8 while fixed cost is Sh.64. Determine the following: Total cost function Profit function Output and price for maximum profit. Show that the output for maximum profit is not necessarily the same as the output for maximum revenue. Represent the above functions on a graphical sketch. a) b) c) d) e)