Estimate the point of intersection. (х, у) %3D What does this point represent? O The point of intersection represents the break-even point, when cost is equal to the revenue. The point of intersection represents the break-even point, when cost is double that of the revenue. O The point of intersection represents the break-even point, when cost is greater than the revenue. O The point of intersection represents the break-even point, when cost is less than the revenue.

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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(a) Estimate the point of intersection.
(х, у) %3D
What does this point represent?
The point of intersection represents the break-even point, when cost is equal to the revenue.
The point of intersection represents the break-even point, when cost is double that of the revenue.
The point of intersection represents the break-even point, when cost is greater than the revenue.
O The point of intersection represents the break-even point, when cost is less than the revenue.
(b) Use the figure to identify the x-values that correspond to an overall loss and a profit. Explain.
(i) an overall loss
There will be an overall loss when x --Select--- v 2000 because the cost is --Select-- v the revenue.
(ii) a profit
There will be an overall profit when x---Select--- v 2000 because the cost is ---Select--- v the revenue.
Transcribed Image Text:(a) Estimate the point of intersection. (х, у) %3D What does this point represent? The point of intersection represents the break-even point, when cost is equal to the revenue. The point of intersection represents the break-even point, when cost is double that of the revenue. The point of intersection represents the break-even point, when cost is greater than the revenue. O The point of intersection represents the break-even point, when cost is less than the revenue. (b) Use the figure to identify the x-values that correspond to an overall loss and a profit. Explain. (i) an overall loss There will be an overall loss when x --Select--- v 2000 because the cost is --Select-- v the revenue. (ii) a profit There will be an overall profit when x---Select--- v 2000 because the cost is ---Select--- v the revenue.
The cost C (in dollars) of producing x units and the revenue R (in dollars) obtained by selling x units are shown in the figure.
y
300 000
R
250 000
200 000
150000
100 000
50 000
X
1000
2000
3000
4000
5000
Transcribed Image Text:The cost C (in dollars) of producing x units and the revenue R (in dollars) obtained by selling x units are shown in the figure. y 300 000 R 250 000 200 000 150000 100 000 50 000 X 1000 2000 3000 4000 5000
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