Instructions for the following questions write your answers and working out on poper. For a full mark of each qution, alldetailed working is needed. You will receive zero marks for answers only When you finish, please convert yourPDF file and submit here.Q11.The demand function of a product is P-10-Q and the total costs function is TC-12+2Q when Pathe price per item and Q is the quantity of the product.(a) Find an expression for the total revenue (TR) function and deduce the profit function.(b) Determine the price(s) which will ensure that the firm's profit is 3 units?

Let's find revenue function, profit function and price at 3 units.

c Instructions for the following questions write your answers and working out on paper. For a full mark of detailed working is needed. You will receive zero marks for answers only When you finish, please convert your work inc PDF file and submit here 10-Q and the total costs function is TC-12+2Q, when Ps Q11 The demand function of a product is P the price per item and Q is the quantity of the product (a) Find an expression for the total revenue (TR) function and deduce the profit function (b) Determine the price(s) which will ensure that the firm's profit is 3 units?

c Instructions for the following questions write your answers and working out on paper. For a full mark of detailed working is needed. You will receive zero marks for answers only When you finish, please convert your work inc PDF file and submit here 10-Q and the total costs function is TC-12+2Q, when Ps Q11 The demand function of a product is P the price per item and Q is the quantity of the product (a) Find an expression for the total revenue (TR) function and deduce the profit function (b) Determine the price(s) which will ensure that the firm's profit is 3 units?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.3: Solve Mixture Applications With Systems Of Equations

Problem 4.59TI: The manufacturer of a weight training bench spends $15 to build each bench and sells them for $32....

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