Write an equation giving profit as a function of the number of lightweight compasses produced. (ii) At the moment the company produces 2 million lightweight compasses and makes a profit of $18,000,000, but you would like to reduce prod
A company has determined that its profit for a product can be described by a linear function.
The profit from the production and sale of 150 units is $455, and the profit from
250 units is $895.
(b) You are the CEO for a lightweight compasses manufacturer. The demand
function for the lightweight compasses is given by p = 40 − 4q
2where q
is the number of lightweight compasses produced in millions.It costs the company $15
to make a lightweight compass.
(i) Write an equation giving profit as a function of the number of lightweight compasses
produced.
(ii) At the moment the company produces 2 million lightweight compasses and makes a profit
of $18,000,000, but you would like to reduce production. What smaller number of
lightweight compasses could the company produce to yield the same profit?
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