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Break-even analysis. The price–demand equation and the cost function for the production of handwoven silk scarves are given, respectively, by
where x is the number of scarves that can be sold at a price of $p per unit and C(x) is the total cost (in dollars) of producing x scarves.
- (A) Express the revenue function in terms of x.
- (B) Graph the cost function and the revenue function in the same viewing window for 0 ≤ x ≤ 900. Use approximation techniques to find the break-even points correct to the nearest unit.
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Calculus for Business, Economics, Life Sciences, and Social Sciences (13th Edition)
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