A craft artist is producing items and selling them in a local market.
The selling price, £P, of an item is inversely proportional to the number of items produced, \(n\)
- When \(n = 10\), \(P = 24\)
Show that \(P = \frac{240}{n}\) [1 mark]
- The production cost, £C, of an item is inversely proportional to the square of the number of items produced, \(n\)
When \(n = 10\), \(C = 60\)
Find the set of values of \(n\) for which \(P > C\) [4 marks]
- Explain the significance to the craft artist of the range of values found in part (b). [1 mark]