72. Break-even analysis. Use the revenue function from Problem 70, and the given cost function: R(x) = x(2,000 - 60x) C(x) = 4,000+ 500x Revenue function Cost function where x is thousands of computers, and C(x) and R(x) are in thousands of dollars. Both functions have domain 1 ≤ x ≤ 25. (A) Sketch a graph of both functions in the same rectangular coordinate system.
72. Break-even analysis. Use the revenue function from Problem 70, and the given cost function: R(x) = x(2,000 - 60x) C(x) = 4,000+ 500x Revenue function Cost function where x is thousands of computers, and C(x) and R(x) are in thousands of dollars. Both functions have domain 1 ≤ x ≤ 25. (A) Sketch a graph of both functions in the same rectangular coordinate system.
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphics To Economics
Problem 1SQ
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