Compute the break-even quantities, Mathematics

Assignment Help:

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?

 

 


Related Discussions:- Compute the break-even quantities

Trigonometry, Prove: cotA/2.cotB/2.cotC/2 = cotA/2+cotB/2+cotC/2

Prove: cotA/2.cotB/2.cotC/2 = cotA/2+cotB/2+cotC/2

Graphical method for interpolation, Graphical Method Whil...

Graphical Method While drawing the graph on a natural scale, the independent variables are marked along the horizontal line and corresponding dependen

Describe vibration absorber and white noise, Describe what is meant by eac...

Describe what is meant by each of the following NVH terms and explain their importance in vehicle refinement: (a)  Vibration absorber (b)  Fast Fourier Transform (c)  Whit

Activity example of one to one correspondence learning, Devise one activity...

Devise one activity each to help the child understand 'as many as' and 'one-to-one correspondence'. Try them out on a child/children in your neighbourhood, and record your observat

Core concepts of marketing, examination questions and answers to the above ...

examination questions and answers to the above title.

CIECLE, HOW TO DRAW A TANGENT SEGMENTS TO A CIRCLE WHEN CENTRE IS NOT KNOWN...

HOW TO DRAW A TANGENT SEGMENTS TO A CIRCLE WHEN CENTRE IS NOT KNOWN?

Geometry, triangular with base AB = 48cm and height CH=16cm is inscribed a ...

triangular with base AB = 48cm and height CH=16cm is inscribed a rectangle MNPQ in which MN: MQ = 9:5 Find MN and MQ

Repetition need not be boring-ways to aid learning maths, Repetition Need N...

Repetition Need Not Be Boring :  From an early age on, children engage in and learn from repetitive behaviour, such as dropping and picking up things, opening and closing boxes an

Multiplicative rule - rules of probability, Multiplicative Rule - Rules of ...

Multiplicative Rule - Rules of Probability It is used when there is a string of independent events for that individual probability is known and it is essential to know the ove

Shares and dividends, A man invests rs.10400 in 6%shares at rs.104 and rs.1...

A man invests rs.10400 in 6%shares at rs.104 and rs.11440 in 10.4% shares at rs.143.How much income would he get in all?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd