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April 16, 2014

Homework Help: Algebra

Posted by Rajeev on Sunday, October 16, 2011 at 9:05am.

At a price of $10 the local pizza sells 800 pizzas. At a price of $8 the pizza place sells 1000 pizzas. When the quantity equals 100 pizzas, total costs equaled $1300. When quantity equaled 200 pizzas, total costs equaled $ 2200. When quantity equaled 300 total costs equal $3300.
Q.
1.Develop a total revenue function
2.Develop a total cost function
3.Determine the quantity that maximises profit
4.Determine the price that maximises profit
5.Determine breakeven points

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