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d) Use your graph of P to estimate the number of panels that give maximum profit. e) How would your answers for break-even points and maximum profit change if i) the number of dollars of revenue per panel is increased slightly? ii) the cost function is changed to C(n)-100(2)?

d) Use your graph of P to estimate the number of panels that give maximum profit. e) How would your answers for break-even points and maximum profit change if i) the number of dollars of revenue per panel is increased slightly? ii) the cost function is changed to C(n)-100(2)?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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please do e and f

A company makes solar panels. The company's revenue function, in dollars, is R(n)=10n, where n is the number of panels produced. The cost function is C(n) = 100(2)0 . R and Care shown on the graph below. 1000 800 600 400 200 100 in 20 Number of Panels 0. 40 60 80 a) Estimate from the graph i) the break-even points ii) the number of panels that should be produced for maximum profit b) Write the equation for the profit function P. c) Graph P. d) Use your graph of P to estimate the number of panels that give maximum profit. e) How would your answers for break-even points and maximum profit change if i) the number of dollars of revenue per panel is increased slightly? i) the cost function is changed to C(n) = 100(2)s ? f) What does the number that was ch part e) i) represent? English (United States) OFocus Dollars
Transcribed Image Text:A company makes solar panels. The company's revenue function, in dollars, is R(n)=10n, where n is the number of panels produced. The cost function is C(n) = 100(2)0 . R and Care shown on the graph below. 1000 800 600 400 200 100 in 20 Number of Panels 0. 40 60 80 a) Estimate from the graph i) the break-even points ii) the number of panels that should be produced for maximum profit b) Write the equation for the profit function P. c) Graph P. d) Use your graph of P to estimate the number of panels that give maximum profit. e) How would your answers for break-even points and maximum profit change if i) the number of dollars of revenue per panel is increased slightly? i) the cost function is changed to C(n) = 100(2)s ? f) What does the number that was ch part e) i) represent? English (United States) OFocus Dollars
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