2. If the price/demand function is p-50-1.25x and the total cost function is 160+10x, where x is the number of units (D) in thousands and cost is in dollars, determine the following; a. General Equation of the Total Profit (profit function) b. General Equation of the Total Revenue (revenue function) C. Breakeven points Note: Put Final Answer in the yellow box

2. If the price/demand function is p-50-1.25x and the total cost function is 160+10x, where x is the number of units (D) in thousands and cost is in dollars, determine the following; a. General Equation of the Total Profit (profit function) b. General Equation of the Total Revenue (revenue function) C. Breakeven points Note: Put Final Answer in the yellow box

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 19P

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