Math Problem Statement
Find the break-even point(s) for the revenue and cost functions below. Separate multiple answers with a comma.
R(x)=892.70x−7x2C(x)=3x+19572.28
Solution
To find the break-even point(s) for the given revenue and cost functions, we need to set the revenue function equal to the cost function and solve for .
Given functions:
Step 1: Set
Step 2: Rearrange the equation to set it equal to zero:
Step 3: Solve the quadratic equation
This is a standard quadratic equation of the form: Where:
Use the quadratic formula to solve for :
Substituting the values:
Step 4: Calculate the discriminant
Step 5: Compute the solutions
Now, calculate the two possible values of :
Conclusion
The break-even points are:
Would you like further details or have any questions?
Here are 8 related questions for further practice:
- What is the revenue at the break-even points?
- Calculate the cost at the break-even points.
- What are the conditions for no break-even points in a quadratic revenue function?
- How does the discriminant in the quadratic formula affect the number of break-even points?
- What is the significance of each term in the quadratic revenue function?
- What is the minimum or maximum value of the revenue function ?
- How does changing the coefficient of in the revenue function affect the break-even points?
- If the cost function had a higher fixed cost, how would that affect the break-even points?
Tip: When solving quadratic equations, always check the discriminant to determine if there are real, repeated, or complex solutions.
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Math Problem Analysis
Mathematical Concepts
Quadratic Equations
Formulas
Quadratic formula
Theorems
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Suitable Grade Level
Grades 10-12
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