Let q be the gallons of gas sold per day.
Daily cost incurred C(q)=1.20q + 500.
Next we find the relationship between price at which gas is sold(p) and the quantity sold daily(q).
The relationship is linear and we are provided two points on the graph , namely, (355,4) and (164,5).
From this , the relation is determined as 191p+q=1119.
Revenue will be maximun when dR/dp=0
i) For maximum Revenue, pric...
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