A sports bike company found that the demand of their bike is given as
Q = 70,000 – 2P
where P is the price of the bike and Q is the quantity sold.
The fixed cost for manufacturing the bike is RM700,000 while the
variable cost is RM110 per bike.
(i) Find the profit function for the bike. (3 marks)
(ii) Determine the price that maximizes profit
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2. A heavy truck and bike are moving with<br />the same kinetic energy. If the mass of<br />the truck is four times that...
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