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

Classical probability, Classical Probability Consider the experiment o...

Classical Probability Consider the experiment of tossing a single coin. Two outcomes are possible, viz. obtaining a head or obtaining a tail. The probability that it is a tail

Fermats last theorem, Explain Fermats Last Theorem? How to solve problems u...

Explain Fermats Last Theorem? How to solve problems under Fermats Last Theorem?

Determine the properties and query are definable in datalog, We now focus o...

We now focus on the use of Datalog for defining properties and queries m graphs. (a) Suppose that P is some property of graphs definable in Datalog. Show drat P is preserved und

Solving trig equations with calculators, Solving Trig Equations with Calcul...

Solving Trig Equations with Calculators, Part I : The single problem along with the equations we solved out in there is that they pretty much all had solutions which came from a

Operation research, i have assignment in operatuion research can you help m...

i have assignment in operatuion research can you help me

Matrix inverse, Here we need to see the inverse of a matrix. Provided a squ...

Here we need to see the inverse of a matrix. Provided a square matrix, A, of size n x n if we can get the other matrix of similar size, B that, AB = BA = I n after that we call

Geometric mean, When three quantities a, b and c are in G.P., t...

When three quantities a, b and c are in G.P., then the geometric mean "b" is calculated as follows. Since these quantities are in G.P., the r

Example of set representation, Can anybody suggest me any example of Set Re...

Can anybody suggest me any example of Set Representation?

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