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{"ops":[{"insert":"A company producing a household item has a fixed monthly cost of RM 900 and a variable cost of RM 9.70.\nThe price-demand equation for the production of LED television sets is given by, \ud835\udc65=520\u2212(16)\ud835\udc5d\nwhere \ud835\udc65 is the number of sets that can be sold at a price RM \ud835\udc5d per item.\n(i) Express the price, \ud835\udc5d as a function of the demand \ud835\udc65. (1 mark)\n(ii) Find the cost function, \ud835\udc36(\ud835\udc65) and revenue function, \ud835\udc45(\ud835\udc65). (2 marks)\n(iii) Find the marginal revenue and marginal cost functions. (4 marks)\n(iv) Find the profit function, \ud835\udc43(\ud835\udc65). (2 marks)\n(v) Find the output that gives maximum profit for the company. (1 mark)\n(vi) Determine the maximum profit. (2 marks)\n(vii) Find the output at break-even point. (5 marks)\n(viii) Draw the graph for profit function, clearly showing the breakeven levels, and the maximum profit. (3 marks)\n"}]}
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