Break-even analysis. Use the revenue function from Problem 69 and the given cost function: R x = x 75 − 3 x Revenue function C x = 125 + 16 x C o s t function where x is in millions of chips, and R x and C x are in millions of dollars. Both functions have domain 1 ≤ x ≤ 20 . (A) Sketch a graph of both functions in the same rectangular coordinate system . (B) Find the break-even points to the nearest thousand chips. (C) For what values of x will a loss occur? A profit?
Break-even analysis. Use the revenue function from Problem 69 and the given cost function: R x = x 75 − 3 x Revenue function C x = 125 + 16 x C o s t function where x is in millions of chips, and R x and C x are in millions of dollars. Both functions have domain 1 ≤ x ≤ 20 . (A) Sketch a graph of both functions in the same rectangular coordinate system . (B) Find the break-even points to the nearest thousand chips. (C) For what values of x will a loss occur? A profit?
Break-even analysis. Use the revenue function from Problem
69
and the given cost function:
R
x
=
x
75
−
3
x
Revenue function
C
x
=
125
+
16
x
C
o
s
t
function
where
x
is in millions of chips, and
R
x
and
C
x
are in millions of dollars. Both functions have domain
1
≤
x
≤
20
.
(A) Sketch a graph of both functions in the same rectangular coordinate system.
(B) Find the break-even points to the nearest thousand chips.
(C) For what values of
x
will a loss occur? A profit?
Formula Formula A polynomial with degree 2 is called a quadratic polynomial. A quadratic equation can be simplified to the standard form: ax² + bx + c = 0 Where, a ≠ 0. A, b, c are coefficients. c is also called "constant". 'x' is the unknown quantity
Calculus for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.
Solve ANY Optimization Problem in 5 Steps w/ Examples. What are they and How do you solve them?; Author: Ace Tutors;https://www.youtube.com/watch?v=BfOSKc_sncg;License: Standard YouTube License, CC-BY
Types of solution in LPP|Basic|Multiple solution|Unbounded|Infeasible|GTU|Special case of LP problem; Author: Mechanical Engineering Management;https://www.youtube.com/watch?v=F-D2WICq8Sk;License: Standard YouTube License, CC-BY