Homework Help is Here – Start Your Trial Now!
Business
Economics
The cost for producing cleaning robots is given by the following function: C(x) =x2-12x2+59x +280 The revenue function for this product is: R(x) = -6x2 +150x X: number of robots, Domain x e [0,12]; C, R are both measured in Euros a) Make a value table for both functions for x = 0, 2.4.6. 8. 10, 12 and mark the two functions n uhe graph below. b) What are the fixed costs for this production? c) Calculate the marginal cost function. For what quantity are the marginal costs the lowest and what is their amount? a) Calculate the break-even points and mark them on the cost and revenue function. e) Calculate the profit function and mark it in the graph. For what quantity x do you get maximum profit? Round the units to the nearest integer and calculate the profit for this quantity. Mark this point in the graph.

The cost for producing cleaning robots is given by the following function: C(x) =x2-12x2+59x +280 The revenue function for this product is: R(x) = -6x2 +150x X: number of robots, Domain x e [0,12]; C, R are both measured in Euros a) Make a value table for both functions for x = 0, 2.4.6. 8. 10, 12 and mark the two functions n uhe graph below. b) What are the fixed costs for this production? c) Calculate the marginal cost function. For what quantity are the marginal costs the lowest and what is their amount? a) Calculate the break-even points and mark them on the cost and revenue function. e) Calculate the profit function and mark it in the graph. For what quantity x do you get maximum profit? Round the units to the nearest integer and calculate the profit for this quantity. Mark this point in the graph.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question
100%

Hello,

Please answer the question completely and correctly except A)

Thanks

 

Mahboob

c) Calculate the marginal cost function. For what quantity are the marginal costs the lowest and what The cost for producing cleaning robots is given by the following function: C(x) =xR-12x+59x *2200 The revenue function for this product is: R(x) = -6x2 +150x X: number of robots, Domain x e [0, 12]: C, R are both measured in Euros a) Make a value table for both functions for x = 0.2.4.6. 8. 10, 12 and mark the two functions n ue graph below. b) What are the fixed costs for this production? is their amount? a) Calculate the break-even points and mark them on the cost and revenue function. e) Calculate the profit function and mark it in the graph. For what quantity x do you get maximum profit? Round the units to the nearest integer ana calculate the profit for this quantity. Mark this point in the graph.
Transcribed Image Text:c) Calculate the marginal cost function. For what quantity are the marginal costs the lowest and what The cost for producing cleaning robots is given by the following function: C(x) =xR-12x+59x *2200 The revenue function for this product is: R(x) = -6x2 +150x X: number of robots, Domain x e [0, 12]: C, R are both measured in Euros a) Make a value table for both functions for x = 0.2.4.6. 8. 10, 12 and mark the two functions n ue graph below. b) What are the fixed costs for this production? is their amount? a) Calculate the break-even points and mark them on the cost and revenue function. e) Calculate the profit function and mark it in the graph. For what quantity x do you get maximum profit? Round the units to the nearest integer ana calculate the profit for this quantity. Mark this point in the graph.
Expert Solution
steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Arrow's Impossibility Theorem
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS