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

Mathematical concepts and ideas , These experiences should be related to th...

These experiences should be related to the mathematical concepts and ideas that we teach them. Only then will these ideas appear relevant to the children, and be absorbed by them

Differentiate product rule functions, Differentiate following functions. ...

Differentiate following functions. Solution At this point there in fact isn't a lot of cause to use the product rule.  We will utilize the product rule.  As we add

Exponential functions, The exponential functions are useful for descr...

The exponential functions are useful for describing compound interest and growth. The exponential function is defined as:          y = m. a x where '

How many days are there in a year, There are m months in a year, w weeks wi...

There are m months in a year, w weeks within a month and d days in a week. How many days are there in a year? In this problem, multiply d and w to obtain the total days in one

Define a hamilton path, Define a Hamilton path. Determine if the following ...

Define a Hamilton path. Determine if the following graph has a Hamilton circuit. Ans: A path is known as a Hamiltonian path if it consists of every vertex of the graph e

Can religious wars be avoided in the future, To what extent do you think re...

To what extent do you think religious beliefs should justify war? How is this shown in "The Song of Roland"? Cite examples of how religious beliefs have led to war in the last two

Decision-making under conditions of uncertainty, Decision-Making Under Cond...

Decision-Making Under Conditions of Uncertainty With decision making under uncertainty, the decision maker is aware of different possible states of nature, but has insufficient

Algebra, 25 algebraic equations that equal 36

25 algebraic equations that equal 36

Multiplication rule: dependent events, Multiplication Rule: Dependent Event...

Multiplication Rule: Dependent Events The joint probability of two events A and B which are dependent is equal to the probability of A multiplied by the probability of B given

#title., I need to follow the pattern .125,.25,.375,.5, ?

I need to follow the pattern .125,.25,.375,.5, ?

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