Graph C(q) = 3q + 2000 and R(q) = 8q on the same axes and find and label the break-even point, q0. (note you did this in the problem above)  Explain how you know the company will make a profit if the quantity is greater than q0?Draw the graph on extra paper.Study your graph and choose one of the following.    a.if q > q0, then R > C so a profit is made. b.q > q0, then C > R so a profit is made. c.if q < q0, then R > C so a profit is made. d.if q < q0, then R < C so a profit is made. e.None of these

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Asked Sep 13, 2019
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Graph C(q) = 3q + 2000 and R(q) = 8q on the same axes and find and label the break-even point, q0. (note you did this in the problem above)

  Explain how you know the company will make a profit if the quantity is greater than q0?

Draw the graph on extra paper.Study your graph and choose one of the following.

 

 

 

  a.

if q > q0, then R > C so a profit is made.

  b.

q > q0, then C > R so a profit is made.

  c.

if q < q0, then R > C so a profit is made.

  d.

if q < q0, then R < C so a profit is made.

  e.

None of these

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Red line is C(q) = 3q + 2000

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-4000 (400, 3200) -3000 2000 1000 3000 -2000 2000 -1000 1000 4000

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