) Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size is q = 4000 − 250p and his total cost function is C(q) = XXXXXXXXXX2q. (i) Derive an expression, R(q)...

) Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml
size is q = 4000 − 250p and his total cost function is C(q) = 500 + 0.2q.
(i) Derive an expression, R(q) for Teddy J
′
s total revenue curve.
(ii) Derive an expression, Π(q) for Teddy J
′
s profit function.
(iii) Determine whether Teddy J′s profit is increasing or decreasing when
he produces 5 hundred, 750ml bottles of dish washing liquid