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Formulate the total revenue function

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A company sells its two products A and B. The prices of products A and B are $5 and $8 per unit respectively. The material costs for A and B are $0.5 and $1.5 per unit respectively. The labour charges of $0.5 per unit is same for both of the products A and B. The fixed cost of the business is estimated as $3000.

Formulate the total revenue function if and units are sold of product A and B respectively.

Formulate the total cost function if and units are produced of product A and B respectively.

Formulate the total profit function if and units are produced and sold of product A and B respectively.

Reference no: EM132632698

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