Math Problem Statement
Solution
In the uploaded image, you are dealing with a production problem involving a cost function and a revenue function . Here's the given information:
- Cost Function: , where is the number of units produced.
- Revenue Function: .
You are asked to:
- Find and analyze the break-even quantity.
- Write the profit function .
Step 1: Break-even Quantity
The break-even point occurs when the cost and revenue are equal, meaning .
Let's solve for :
Subtract from both sides:
Now, divide both sides by 90:
Thus, the break-even quantity is 107 units.
Step 2: Profit Function
The profit function is defined as the difference between the revenue and the cost:
Substitute the given functions for and :
Simplify:
So, the profit function is:
Conclusion
- The break-even quantity is 107 units.
- The profit function is .
Would you like more details or explanations?
Here are 5 related questions you might find useful:
- What happens if the production level is exactly at the break-even point?
- How does the profit change when producing 110 units instead of 107?
- What is the revenue when producing 45 units?
- Can the company make a profit if they produce 50 units?
- How would changes in the cost per unit affect the break-even quantity?
Tip: Always check the intersection between cost and revenue functions for analyzing profit margins.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Linear Functions
Break-even Analysis
Profit Calculation
Formulas
C(x) = 270x + 9630 (Cost function)
R(x) = 360x (Revenue function)
Break-even point: C(x) = R(x)
Profit function: P(x) = R(x) - C(x)
Theorems
Break-even point theorem (Cost equals Revenue)
Linear Profit Theorem
Suitable Grade Level
Grades 10-12
Related Recommendation
Break-even Analysis: Cost and Revenue Functions C(x) = 7600 + 21x, R(x) = 40x
Break-Even Point Calculation for Cost and Revenue Functions
Break-even Quantity for Linear Cost and Revenue Equations
Break-even Point and Production Decision for a New Product
Finding Break-Even Points for Revenue and Cost Functions using Quadratic Equations