please do e and f A company makes solar panels. The company's revenue function, in dollars, is R(n)=10n, where n isthe number of panels produced. The cost function is C(n) = 100(2)0 . R and Care shown on the graphbelow.1000800600400200100 in20Number of Panels0.406080a) Estimate from the graphi) the break-even pointsii) the number of panels that should be produced for maximum profitb) 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 ifi) 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 chpart e) i) represent?English (United States)OFocusDollars

Profit is the excess income earned by the producer which is left after paying off all the expenses…

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

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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

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