Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section9.3: Systems Of Inequalities
Problem 19E
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Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
Question
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A firm will break even (no profit and no loss) as long as revenue just equals cost. The value of x (the number of items produced and sold) where
C(x)=R(x)
is called the break-even point. Assume that the below table can be expressed as a linear |
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Find (a) the cost function, (b) the revenue function, and (c) the profit function.
(d) Find the break-even point and decide whether the product should be produced, given the restrictions on sales.
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Transcribed Image Text:d and sold) where C(x)-R(x) is called the break-
Fixed cost Variable cost Price of item
S310
000
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