Finite Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
Finite Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
12th Edition
ISBN: 9780134767611
Author: Margaret L. Lial, Tom Hungerford, John P. Holcomb, Bernadette Mullins
Publisher: PEARSON
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Chapter 3.3, Problem 34E

Business Work the following problems. (See Example 7.)

The owners of a parking lot have determined that their weekly revenue and cost in dollars are given by R x = 80 x and C x = 50 x + 2400 , where x is the number of long-term parkers.

(a) Find the break-even point.

(b) Graph R x and C x on the same axes.

(c) From the graph, estimate the revenue and cost when there are 60 long-term parkers.

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Finite Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)

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