when pricing decisions are being made. FG Manufacturers wants to determine the effectiveness of their pricing decisions

 when pricing decisions are being made.

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FG Manufacturers wants to determine the effectiveness of their pricing decisions for their product Lylo. As a consultant, you have been asked to develop cost functions that will assist in arriving at the optimal price that will enable the company to maximize profits. During the year, you were provided with the following demand and costs functions for the product: P = 400 - 6Q; where P is the unit selling price and Q is quantity in thousands of units. TC = 8Q² + 36Q+ 150; where TC is total cost in thousands of dollars. Required: Determine the optimal sales revenue. Calculate the maximum profit. Briefly outline two (2) factors to be considered by managements FG Manufacturers wants to determine the effectiveness of their pricing decisions for their product Lylo. As a consultant, you have been asked to develop cost functions that will assist in arriving at the optimal price that will enable the company to maximize profits. During the year, you were provided with the following demand and costs functions for the product: P = 400 - 6Q; where P is the unit selling price and Q is quantity in thousands of units. TC = 8Q² + 36Q+ 150; where TC is total cost in thousands of dollars. Required: Determine the optimal sales revenue. Calculate the maximum profit. Briefly outline two (2) factors to be considered by managements