Question
Use the revenue function, R(x) = 9x 2 + 198x, and cost function, C(x) = 90x + 180, where x is the number of items
Use the revenue function, R(x) = −9x2 + 198x, and cost function, C(x) = 90x + 180, where x is the number of items made and sold, to determine each of the following. Assume both revenue and cost are given in dollars.
(a) Find the number of items sold when revenue is maximized. items
(b) Find the maximum revenue (in dollars). $
(c) Find the number of items sold when profit is maximized items
(d) Find the maximum profit (in dollars). $
(e) Find the break-even quantity/quantities items
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a To find the number of items sold when revenue is maximized we need to find the vertex of the parab...Get Instant Access to Expert-Tailored Solutions
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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