QUIZ 1 The market research department of a company recommended to management that the
company manufacture and market a promising product on the market. After extensive surveys, the
research departmeni backed up the recommendation with the demand equation;
x = f(p) = 6,000 – 30p
where x is the number of units that retailers are likely to buy per month at GHSp per unis. From the
finance department, the following cost equation was obtained:
C = g(x) = 72,000 + 60%
Assuming revenue equation is R = xp
(a) Find the profit equation equations in terms of p only.
(5 marks)
(b) Calculate the price (s) and the quantity demanded at which the company would break oven.
(6 marks)
(c) Ar what price does the company maximize prot?
15 marks)

c

-by-step explanation:

it would be c

the solution of the equation is 2.23 ⇒ answer b

step-by-step explanation:

* lets revise the meaning of exponential function

- the form of the exponential function is y = ab^x, where a ≠ 0, b > 0 ,  

  b ≠ 1, and x is any real number

- it has a constant base b

- it has a variable exponent x

- to solve an exponential equation, take the log or ln of both sides,  

  and solve for the variable

* lets solve the problem

∵

- the base is 7 and the exponent is x

- insert ㏑ in both sides

∴

- use the rule

∴ x ㏑(7) = ㏑(77)

- to find x divide both sides by ㏑(7)

∴

* the solution of the equation is 2.23 to the nearest 2 decimal places

oof

step-by-step explanation:

what am i trying to find out. you didn't put up the whole question.

step-by-step explanation: