Post Utme Achievers University 2024 Commerce Question 6

A company is considering two marketing strategies: Strategy A involves a high initial investment with a potential for high returns, while Strategy B involves a low initial investment with a potential for lower returns. If the company chooses Strategy A, it will have to spend ₦1,500,000 on advertising. If it chooses Strategy B, it will have to spend ₦500,000 on advertising. The company's profit function is given by P(x) = 2x^2 - 1000x + 5000, where x is the number of units sold. If the company sells 100 units, what is the total cost of the marketing strategy?