A candy store can sell 180 candy bars at 62 cents each. The store can sell 220 candy bars if the price is 54 cents each. The total cost of producing x candy bars is C(x)=3050-10x+0.04x2 cents. a) What is the demand function? b) How many candy bars should be produced to maximize profit? c) What is the profit at this point? d) What is the total cost for producing this amount of candy bars? e) What is the selling price of the candy bar when the profit is maximized? f) How many candy bars should be sold at the lowest cost for the candy store? g) When the cost is minimized, what is the store’s profit at this point? The manager of an electronics store knows he can sell 60 blank CDs when the price is $1.20 each. If the price is $1.50, only 48 CDs are sold. The total cost function for x CDs is C(x)=0.70x+15 dollars. Assuming linear demand… a) What is the demand function? b) What is the price per CD when profit is maximized? c) How many CDs should be produced and sold to maximize profit? d) How many CDs should be produced and sold to minimize cost? e) What is the store’s greatest possible profit? f) What is the store’s revenue when it is making the most profit? g) What is the store’s cost when it is making the most profit? Suppose the demand for a product is $12 and the total costs are C(x)=0.3x2+2x+5. a) What is the revenue function? b) What is the profit function? c) What is the maximum value of the profit? d) How many products are being sold to obtain the maximum profit?