The picture above is just an example similar to the exercise you are about to encounter...
The price equation for a certain product is given by p-106-0.045x, where p is the unit price (in dollars) of the product and x is the number of
units produced.
Write out your revenue equation: R00-106-0045x2
1. The total revenue obtained by producing and selling x units is given by: Rex'p denote an exponent)
where p is your unit price equation
2. It costs this company a fixed amount of $500 as well as $3 per unit item 00
make their products. Write a cost equation, Cod, to model this function-
A company's break even points occur where the Revenue function and the Cost
function have the same value (are equal. Using algebra, find the number of items, x
that represent the company's break-even points-
The picture below is just an example of what you might see if you were to graph your
functions
b. GRAPH your revenue equation on your calculator and state what type of
function you see Quadratic
C- 500+2x
b. GRAPH your revenue equation on your calculator and state what type of
function you see Linear
Smaller x value type your answer
Larger x value type your answer.
round to 2 decimal places
(round to 2 decimal places
The profit a business makes is equal the revenue it takes in minus what it
costs. To obtain the Profit function subtract the entire cont equation