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

Slopes downward from left to right has a positive slope, Can you explain th...

Can you explain that it is true that a line that slopes downward from left to right has a positive slope?

Arithmetic progression (a.p.), A series is said to be in Arithmetic...

A series is said to be in Arithmetic Progression (A.P.) if the consecutive numbers in the series differs by a constant value. This constant value is referre

Heat loss in a cylindrical pipe, which laws of physics are used to discuss ...

which laws of physics are used to discuss heat loss in a pipe

Mathematical science, state tha different types of models used in operation...

state tha different types of models used in operations research.

Kurtosis-measure of central tendency, Kurtosis - It is a concept, whic...

Kurtosis - It is a concept, which refers to the degree of peakedness of a described frequency distribution. The degree is generally measured along with reference to general di

What is venn diagram, The diagrams drawn to given sets are called as Venn d...

The diagrams drawn to given sets are called as Venn diagrams or Eule -Venn diagrams. Here given the universal set U by points within rectangle and the subset A of the set U given b

Explain polynomials, P OLYNOMIALS : It is  not  once  nor  twice  b...

P OLYNOMIALS : It is  not  once  nor  twice  but  times  without  number  that the  same ideas make  their  appearance in the  world. 1.  Find the value for K for which

Formula to estimate distance around circle table, If Lisa wants to know the...

If Lisa wants to know the distance around her circular table, that has a diameter of 42 in, which formula will she use? The circumference or distance around a circle is π times

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