Compute the break-even quantities

Reference no: EM13201869

The revenue and cost functions for producing and selling quantity x for a certain production facility are given below.
R(x) = 16x - x2
C(x) = 20 + 4x

a) Determine the profit function P(x).

b) Use Excel to graph the functions R(x), C(x) and P(x) for the interval 0? x ? 12. Copy and paste the graph below. Note: Use Scatter plot with smooth lines and markers.

c) Compute the break-even quantities.

d) Determine the average cost at the break-even quantities.

e) Determine the marginal revenue R'(x).

f) Determine the marginal cost C'(x)

g) At what quantity is the profit maximized?

Reference no: EM13201869

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Compute the break-even quantities : The revenue and cost functions for producing and selling quantity x for a certain production facility are given below. R(x) = 16x - x2 C(x) = 20 + 4x a) Determine the profit function P(x). b) Use Excel to graph the functions R(x), C(x) and P(x) for t..

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