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Supply and Demand The demand and supply equations for an MP3 player are given by
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Calculus: An Applied Approach (MindTap Course List)
- The manufacturer of a weight training bench spends $120 to build each bench and sells them for $170. The manufacturer also has fixed costs each month of $150,000. (a) Find the cost function C when x benches are manufactured. (b) Find the revenue function R when x benches are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.arrow_forwardIf you are performing a break-even analysis for a business and their cost and revenue equations are dependent, explain what this means for the company's profit margins.arrow_forwardThe manufacturer of a water bottle spends $5 to build each bottle and sells them for $10. The manufacturer also has fixed costs each month of $6500. (a) Find the cost function C when x bottles are manufactured. (b) Find the revenue function R when x bottles are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.arrow_forward
- Describe what it means if there is a model breakdown when using a linear model.arrow_forwardThe manufacturer of an energy drink spends $1.20 to make each drink and sells them for $2. The manufacturer also has fixed costs each month of $8,000. (a) Find the cost function C when x energy drinks aremanufactured. (b) Find the revenue function R when x drinks are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the breakeven point means.arrow_forward
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