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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) 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?
Use L''hopital''s rule since lim X-->0 1-cos(x)/1-cos(4x) is in the indeterminate form 0/0 when we apply the limt so by l''hoptital''s rule differentiate the numerator and den
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Interpretation A high value of r as +0.9 or - 0.9 only shows a strong association among the two variables but doesn't imply that there is a causal relationship that is
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