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Determine the profit function

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Reference no: EM132584621

Buenaflor Bed and Bath (BBB) Products is a company which specializes in the field of making bedroom and bathroom accessories. One of its famous and affordable products include handcrafted mattress with organic and natural materials.

The total fixed cost in producing the mattress is Php50,000.00 with a variable cost per unit of Php1,000.00. The

Total revenue function is TR = 1500Q - Q².

Please encode your answer with comma up to two decimal places. Do not include the peso sign.

Example if with decimal - 399,674.85

If whole number - 399,675

Required:

-Determine the Profit function. Do not use spaces.

-Find the break-even point(s).

-What level production maximizes the profit?

-What is the maximum profit?

Reference no: EM132584621

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