An office supply company manufactures and sells X permanent markers per year at a price of P €/unit. The Price/Demand equation for the markers is: ?=5−0.001?
(1- Write the Revenues function
2- What level of production and what price should the company charge for the markers to maximize revenues? The total cost of manufacturing is: ?(?)=3000+2?
3- Write the Company’s Profit function
4- What level of production and what price should the company charge for the markers to maximize profits?)
5- Draw a graph representing the above-mentioned situation. Now the Government decides to tax the Company in 1€ for each marker produced. Taking into account this additional cost
6- Write the company’s new Cost function
7- Write the company’s new Profit function
8- What level of production and what price should the company charge for the markers to maximize profits (with these new conditions)?
NEED ANSWERSS FOR 5,6,7,8
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