Get premium membership and access questions with answers, video lessons as well as revision papers.

A company is selling an item for ps= Sh.5. Profit is related to selling price p by P=50000ps - 6250ps 2 i ) Is the profit an increasing...

      

A company is selling an item for ps= Sh.5. Profit is related to selling price p by
P=50000ps - 6250ps
2
i ) Is the profit an increasing function or a decreasing function when ps = 5?
ii) If the price is changed to Sh.4.75, find whether profit would increase or decrease and find the change in
profit.
iii) At what price is the profit maximized?

  

Answers


Mutiso
ps612845.png
Mutiso answered the question on December 6, 2018 at 05:46


Next:  Describe the route taken by water from the soil up to the evaporating surface of a plant
Previous: Demand function for a firm is given by P=12 - 0.4Q P is the price of the product, Q is the quantity demanded, and the total cost...

View More CPA Quantitative Analysis Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions