Please read the problems carefully and do all you are asked to do. You can use the back page as a scratch paper. Total/100 #1 #2 #3 #4 #5 #6 #7 #8 #9. Suppose that the graph of a linear function y = f (x) contains the points ( 1. 5, 5) and (3, 2). (a)(5 points). An appliance company that makes a brand of washing machines has xed costs of. , 000 and variable costs of per washer per month. The company sells the washers for each. (a)(7 points). Find a formula for the monthly pro t function. (b)(5 points). Find the break even point and use one sentence to explain the economic signi cance of your result. The demand and supply curves for a certain product are given in terms of price, p, by (a)(4 points). D(p) = 2500 20p and s(p) = 10p 500. (b)(4 points).
