1. Scenario A tech company has developed a new compact, high
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 attached 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 75 thousand batteries.