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−7x2 C(x)=3x+19572.28

Solution

To find the break-even point(s), we need to set the revenue function R(x)R(x) equal to the cost function C(x)C(x) and solve for xx.

Given: R(x)=892.70x7x2R(x) = 892.70x - 7x^2 C(x)=3x+19572.28C(x) = 3x + 19572.28

Step 1: Set R(x)=C(x)R(x) = C(x)

892.70x7x2=3x+19572.28892.70x - 7x^2 = 3x + 19572.28

Step 2: Move all terms to one side of the equation

7x2+892.70x3x19572.28=0-7x^2 + 892.70x - 3x - 19572.28 = 0

Simplify the terms:

7x2+889.70x19572.28=0-7x^2 + 889.70x - 19572.28 = 0

Step 3: Rewrite in standard form

7x2889.70x+19572.28=07x^2 - 889.70x + 19572.28 = 0

Step 4: Solve the quadratic equation

We can solve this quadratic equation 7x2889.70x+19572.28=07x^2 - 889.70x + 19572.28 = 0 using the quadratic formula: x=b±b24ac2ax = \frac{-b \pm \sqrt{b^2 - 4ac}}{2a} where a=7a = 7, b=889.70b = -889.70, and c=19572.28c = 19572.28.

Calculate xx:

  1. Calculate the discriminant: b24ac=(889.70)24719572.28b^2 - 4ac = (-889.70)^2 - 4 \cdot 7 \cdot 19572.28

  2. Solve for xx:

Using these values in the formula, we can find the break-even points.

Let me compute these values for you.The break-even points are approximately:

x=98.80,x=28.30x = 98.80, \quad x = 28.30

These values represent the quantities xx at which revenue equals cost.

Would you like a detailed explanation of each step, or do you have further questions?

Here are five related questions that expand on this information:

  1. How can we interpret the break-even points in a real-world context?
  2. What happens to the profit if we produce quantities greater than the highest break-even point?
  3. How would changes in the cost or revenue functions affect the break-even points?
  4. Can there be cases where break-even points do not exist in a quadratic function?
  5. How can we graphically verify the break-even points?

Tip: Remember that solving quadratic equations often yields two answers, which represent critical points in revenue-cost analyses.

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Math Problem Analysis

Mathematical Concepts

Algebra
Quadratic Equations
Break-even Analysis

Formulas

Quadratic formula: x = (-b ± √(b^2 - 4ac)) / 2a
Revenue function R(x) = ax^2 + bx
Cost function C(x) = bx + c

Theorems

Quadratic formula

Suitable Grade Level

Grades 10-12