BCO 116 ELEMENTARY CALCULUS Task brief & rubrics Second Assesment
An office supply company manufactures and sells X permanent markers per year at a price of P /unit. The Price/Demand equation for the markers is: ?? = 10 ? 0.001??
1- Write the Revenues function (10%)
2- What level of production and what price should the company charge for the markers to maximize revenues? (10%)
The total cost of manufacturing is: ??(??) = 5000 + 2?? 3- Write the Companys Profit function (10%)
4- What level of production and what price should the company charge for the markers to maximize profits? (10%)
5- Draw a graph representing the above-mentioned situation (30%)
Now the Government decides to tax the Company in 2 for each marker produced. Taking into account this additional cost:
6- Write the companys new Cost function (10%)
7- Write the companys new Profit function (10%) 8- What level of production and what price should the company charge for the markers to maximize profits (with these new conditions)?
(10%)
The task is individual The deliverable has to be a report showing the formulas and the steps you are following The weight is equivalent to 1/3rd of the whole course The report has to be delivered in Turnitin before 22th November 2020 at 23h 59
