Company XYZ projects their revenues for the given quarter to be modeled by the function R(z) = 12z - 6z + 2000, where x represents the number of goods sold and R(x) the price. The %3D fixed costs for Company XYZ include rent and wages, and is a total of 10000 each month and the variable costs for the quarter can be modeled by the function V (z) = 12x + 1000. (a) Find the break-even point for Company XYZ. [ Select] (b) Find the marginal profit function.

Company XYZ projects their revenues for the given quarter to be modeled by the function R(z) = 12z - 6z + 2000, where x represents the number of goods sold and R(x) the price. The %3D fixed costs for Company XYZ include rent and wages, and is a total of 10000 each month and the variable costs for the quarter can be modeled by the function V (z) = 12x + 1000. (a) Find the break-even point for Company XYZ. [ Select] (b) Find the marginal profit function.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 7MC

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