2. Rich and Betsy Cuik started a
small business. They manufacture a
microwavable coffee-to-go cup
called Cuik Cuppa Coffee. It contains
spring water and ground coffee beans in a tea-bag-like pouch. Each
the company $1.00 to manufacture. The fixed costs for this
cup costs product line are $1,500. Rich and Betsy have determined the
demand
function to be q -1,000p + 8,500, where p is the price for each cup.
of the demand, q.
a. Write the expense equation in terms
b. Express the expense equation found in part a in terms of the
price, p.
C.
Determine a viewing window on a graphing calculator for
the
expense function. Justify your answer.
expense function.
d. Draw and label the graph of the
e. Write the revenue function in terms of the price.
f. Graph the revenue function in a suitable viewing window. What
price will yield the maximum revenue? What is the revenue at
that price? Round both answers to the nearest cent.
g Graph the revenue and expense functions on the same coordinate
plane. Identify the points of intersection using
graphing calcula-
tor. Round your answers to the nearest cent. Identify the price àt
the breakeven points.