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I need all parts of this answered. Thank you. What further info is needed? 1. Cost, Revenue, and Profit The following table gives the weekly

I need all parts of this answered. Thank you.

What further info is needed? image text in transcribed

1. Cost, Revenue, and Profit The following table gives the weekly revenue and cost, respectively, for selected numbers of units of produc- tion and sale of a product by the Quest Manufacturing Company. 3. Find the number of units of this product that must be produced and sold to break even. 4. Find the maximum possible profit and the number of units that gives the maximum profit. 5. a. Use operations with functions to create the aver- age cost function for the product. b. Complete the following table. Number of Units Number of Units Revenue ($) 6800 Cost (5) 32,900 100 100 Average Cost, C(x) ($/unit) 300 300 39,300 20,400 34,000 * (units) 1 500 500 900 900 100 46,500 63,300 88,800 112,800 1400 1400 61,200 95,200 122,400 170,000 300 1800 1800 1400 2500 2500 162,500 2000 2500 Provide the information requested and answer the ques- tions. 1. Use technology to determine the functions that model revenue and cost functions for this product, using X as the number of units produced and sold. 2. a. Combine the revenue and cost functions with the correct operation to create the profit function for this product b. Use the profit function to complete the following table: c. Graph this function using the viewing window [0, 2500] by [0, 400) 6. Graph the average cost function using the viewing window (0, 4000] by [0, 100). Determine the num- ber of units that should be produced to minimize the average cost and the minimum average cost. 7. Compare the number of units that produced the minimum average cost with the number of units that produced the maximum profit. Are they the same number of units? Discuss which of these values is more important to the manufacturer and why. Profit, P(x) ($) x (units) 0 100 600 1600 2000 2500 OBRE e E

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