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

Hcf, the length of three pieces of ropes are 140cm,150cm and 200cm.what is ...

the length of three pieces of ropes are 140cm,150cm and 200cm.what is the greatest possible length to measure the given pieces of a rope?

Find the largest possible positive integer, Find the largest possible posit...

Find the largest possible positive integer that will divide 398, 436, and 542 leaving remainder 7, 11, 15 respectively. (Ans: 17) Ans: The required number is the HCF of the n

Absolute value of a number, At times we consider only the magnitude o...

At times we consider only the magnitude of the number without attaching much importance to its direction. Under these circumstances the sign attached with the num

Undetermined coefficients, In this section we will see the first method whi...

In this section we will see the first method which can be used to find an exact solution to a nonhomogeneous differential equation. y′′ + p (t ) y′ + q (t ) y = g (t) One of

Change of base of logarithms, Change of base: The final topic that we have...

Change of base: The final topic that we have to look at in this section is the change of base formula for logarithms. The change of base formula is,

Vectors, A 10 m ladder of 150N is placed at an angle 30degrees to a smooth ...

A 10 m ladder of 150N is placed at an angle 30degrees to a smooth wall at point A and the other end (point B) on the ground. Assume that the weight of the ladder acts at its mid po

Subtraction of like terms with same signs, Suppose we are required to...

Suppose we are required to find the difference between 3abc and 7abc. We look at two scenarios. The value we would obtain by subtracting a larger quantity from th

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