| 52. Break-even analysis. The price-demand equation and the cost function for the production of handwoven silk scarves are given, respectively, by p = 60 – 2Vx where x is the number of scarves that can be sold at a price of Sp per unit and C(x) is the total cost (in dollars) of producing x scarves. and C(x) = 3,000 + 5x %3D (A) Express the revenue function in terms of x. (B) Graph the cost function and the revenue function in the same viewing window for 0 < x < 900. Use approxi- mation techniques to find the break-even points correct to the nearest unit.

| 52. Break-even analysis. The price-demand equation and the cost function for the production of handwoven silk scarves are given, respectively, by p = 60 – 2Vx where x is the number of scarves that can be sold at a price of Sp per unit and C(x) is the total cost (in dollars) of producing x scarves. and C(x) = 3,000 + 5x %3D (A) Express the revenue function in terms of x. (B) Graph the cost function and the revenue function in the same viewing window for 0 < x < 900. Use approxi- mation techniques to find the break-even points correct to the nearest unit.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 21P

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