The revenue and cost functions for producing and selling

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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) Compute the break-even quantities.

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

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

e) Determine the marginal cost C'(x)

f) At what quantity is the profit maximized?

Reference no: EM13470966

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