Explanation Given Information: The provided cost function is C ( x ) = m x + b (with m and b positive) and the revenue function is R ( x ) = k x ( k > m ) . Consider the provide information that cost function is C ( x ) = m x + b (with m and b positive) and the revenue function is R ( x ) = k x ( k > m ) . The equation linear function is given by f ( x ) = m x + c , where m is the slope of the equation and k is the intercept. Hence the function C ( x ) = m x + b and R ( x ) = k x are both linear with slopes m and n respectively. Also as m, b and k are all positive, both the function are positive increasing functions. Provided a linear equation f ( x ) = m x + b , for every 1 -unit change in x the corresponding change in f ( x ) is m -unit

7th Edition

ISBN: 9781337280426

Author: Stefan Waner, Steven Costenoble

Publisher: Cengage Learning

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Chapter 1.3, Problem 133E

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Whether the increase in the number of items from the break-even quantity results in profit or loss if the cost function is C(x)=mx+b(with m and b positive) and the revenue function is given by R(x)=kx (k>m).

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Whether the increase in the number of items from the break-even quantity results in profit or loss if the cost function is C ( x ) = m x + b (with m and b positive) and the revenue function is given by R ( x ) = k x ( k > m ) .

Solution Summary: The author explains that the increase in the number of items from the break-even quantity results in more profit. The equation linear function is given by f(x)=mx+c.

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Whether the increase in the number of items from the break-even quantity results in profit or loss if the cost function is C(x)=mx+b(with m and b positive) and the revenue function is given by R(x)=kx (k>m).

Chapter 1 Solutions

Whether the increase in the number of items from the break-even quantity results in profit or loss if the cost function is C ( x ) = m x + b (with m and b positive) and the revenue function is given by R ( x ) = k x ( k &gt; m ) .

Solution Summary: The author explains that the increase in the number of items from the break-even quantity results in more profit. The equation linear function is given by f(x)=mx+c.

Concept explainers

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Whether the increase in the number of items from the break-even quantity results in profit or loss if the cost function is C(x)=mx+b(with m and b positive) and the revenue function is given by R(x)=kx (k>m).

Chapter 1 Solutions

Whether the increase in the number of items from the break-even quantity results in profit or loss if the cost function is C ( x ) = m x + b (with m and b positive) and the revenue function is given by R ( x ) = k x ( k > m ) .