1. Scenario A tech company has developed a new compact, high-efficiency
ScenarioA tech company has developed a new compact, high-efficiency battery for hand-
held devices. Market projections have estimated the cost and revenue of manufacturing
these batteries by the equations graphed below.Assessment InstructionsShow and explain
all steps in your responses to the following parts of the assignment. All mathematical steps
must be formatted using the equation editor.Part 1: Use the substitution method to
determine the point where the cost equals the revenue.Part 2: Interpret your results from
Part 1 in the context of the problem.Part 3: Do your results from Part 1 correspond with the
graph? Explain.Part 4: Profit is found by subtracting cost from revenue. Write an equation in
the same variables to represent the profit.Part 5: Find the profit from producing 100
thousand batteries.
