Thabo has found that the cost of running his taxi is BWP 1200 a year in fixed costs and variable costs of BWP 80 per kil

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Thabo Has Found That The Cost Of Running His Taxi Is Bwp 1200 A Year In Fixed Costs And Variable Costs Of Bwp 80 Per Kil 1 (50.06 KiB) Viewed 36 times

Thabo has found that the cost of running his taxi is BWP 1200 a year in fixed costs and variable costs of BWP 80 per kilometer traveled. i) Determine the total cost per year for Thabo's taxi and sketch the function. [4] Thabo decided to enter a joint venture with a few other taxi drivers and they formed a company. Below are the new total cost and total revenue functions for the new company Total Costs = -15Q2 +Q³ + 1000 Total Revenue-Q² + 14Q+ 2000 Given the above information answer the following questions: Calculate the marginal revenue and marginal costs. [4] Calculate the profit function and derive the marginal profit. [3] Calculate the breakeven point [2] Determine total costs and total revenue when the quantity produced is 100 units [2] ii. iii. iv. V. vi. Thabo's brother, Patrick has decided to also enter the transport business but will focus on luxury travel. Assuming that his marginal cost of running a luxury taxi is represented by the following function MC= x2 +800. What was the total cost function? [3] vii. Define the limit and domain of a function. [2]