Question 1 (a). A small business woman has realized that for one of her products, if the price per unit is GHC20 she can sell 300 units a day. On the other hand, if the price per unit is reduced to GHC13, she can sell 440 units a day. From the accounting records, her accountant has estimated the fixed cost of production as GHC2,000 with a variable cost per unit of GHC10. AN ). Find an expression relating price and output assuming it is linear. AP(S (). State the total cost function, assuming it is linear. AN(3 () Advise the business woman on the level of production at which she will breakeven.

Question 1 (a). A small business woman has realized that for one of her products, if the price per unit is GHC20 she can sell 300 units a day. On the other hand, if the price per unit is reduced to GHC13, she can sell 440 units a day. From the accounting records, her accountant has estimated the fixed cost of production as GHC2,000 with a variable cost per unit of GHC10. AN ). Find an expression relating price and output assuming it is linear. AP(S (). State the total cost function, assuming it is linear. AN(3 () Advise the business woman on the level of production at which she will breakeven.

Name: Question 1(a). A small business woman has realized that for one of he
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Description: Question 1(a). A small business woman has realized that for one of herproducts, if the price per unit is GHC20 she can sell 300 units a day.On the other hand, if the price per unit is reduced to GHC13, shecan sell 440 units a day. From the accountin

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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