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Question: TreeTop, a tech startup in Utah, is opening a new plant to produce their 50 4K SmartTV. They are interested in finding the ideal

Question: TreeTop, a tech startup in Utah, is opening a new plant to produce their 50" 4K SmartTV. They are interested in finding the ideal price point to sell the televisions and maximize their profit. Based on market research, they have come up with the following regression-based models.

Price-demand function image text in transcribed
Revenue function image text in transcribed
Cost function image text in transcribed
Average Cost per unit function image text in transcribed
Profit function image text in transcribed

x is the number of TV's manufactured per day, functions are in dollars

1. Using the revenue function and the cost function, find the break-even points (when revenue is equal to cost). For what value of x will TreeTop incur a loss? For what value of x will TreeTop make a profit?

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