Q1. A firm has analyzed its operating conditions and has developed the following functions Total Revenue = -10q2 + 2004
Total Cost = q? - 20q +1000
Where 9 is the number of units produced and sold
Determine the value of 9 that:-
11.
Maximizes revenue and hence the Maximum Revenue
Minimizes Cost and hence the Minimum Cost
Maximizes profit and hence the Maximum Profit.

The food services division of cedar river amusement park inc. is studying the amount families who visit the amusement park spend per day on food and drink. a sample of 40 families who visited the park yesterday revealed they spent the following amounts: see worksheet 1 for data and answer the following questions: a. organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. what class interval did you select? b. what percent of families spent less than $45? c. what percent of families spent $55 or more? d. how many families spent from $65 to 74.99?