1. A company manufactures and sells x television sets per month. The monthly cost and price-demand equation are C(x) = 72,000+ 60x p=200-. X 30 a) Write the Revenue and Profit functions, and determine their domain. b) Sketch a careful graph of the Revenue and Cost functions (the domain of the functions must be clearly indicated on the graph). On the graphs, indicate where the break-even points are and the production levels (values of x) that result in profit, and the ones that result in loss.

1. A company manufactures and sells x television sets per month. The monthly cost and price-demand equation are C(x) = 72,000+ 60x p=200-. X 30 a) Write the Revenue and Profit functions, and determine their domain. b) Sketch a careful graph of the Revenue and Cost functions (the domain of the functions must be clearly indicated on the graph). On the graphs, indicate where the break-even points are and the production levels (values of x) that result in profit, and the ones that result in loss.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

ChapterB: Differential Calculus Techniques In Management

Section: Chapter Questions

Problem 2E

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