6 i Find the total revenue function and deduce the corresponding demand

6 i find the total revenue function and deduce the

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࠵?࠵? = 6࠵? − 51 . (i) Find the total revenue function and deduce the corresponding demand equation. 3 marks (ii) Find the total cost function if the fixed cost is 400. 3 marks (iii) Determine the number of laptops that maximizes the company’s profit. 3 marks (iv) How much should the firm charge for one computer? 0.5 mark (v) Find the total profit at the profit maximizing level of output. 0.5 mark Question 3 (a) The business objective of the director of planning of Game Ghana is to forecast monthly sales for all new stores, based on the number of profiled customers who live no more than 30 minutes from a Game store. To examine the relationship between the number of profiled customers who live within a fixed radius from a Game store and its monthly sales, data were collected from a sample of 10 stores: Store 1 2 3 4 5 6 7 8 9 10 No. of Customers (‘000) 5 7 2 8 4 3 2 4 5 3 Monthly Sales (‘000) 8 12 6 14 8 7 9 10 12 8 (i) Use the least-squares method to compute the regression coefficients ࠵? and ࠵? . 1 mark (ii) Write down the estimated equation and predict the monthly sales if there are 9000 customers. 2 marks (iii) Determine the coefficient of determination, ࠵? $ , and explain its meaning in this problem. 2 marks (iv) Determine the value of the extent of relationship between annual sales and number of customers, and interpret your result. 2 marks [Table = 3 marks]
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3 Question 3 (b) The Coca-Cola Company is an American multinational corporation, and manufacturer, retailer, and marketer of non-alcoholic beverage concentrates and syrups. The company is best known for its flagship product Coca-Cola, invented in 1886 by pharmacist John Stith Pemberton in Atlanta, Georgia. In Ghana, the company was formed from a divestiture of Bottling Division
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