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 equal to the cost function and solve for .
Given:
Step 1: Set
Step 2: Move all terms to one side of the equation
Simplify the terms:
Step 3: Rewrite in standard form
Step 4: Solve the quadratic equation
We can solve this quadratic equation using the quadratic formula: where , , and .
Calculate :
-
Calculate the discriminant:
-
Solve for :
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:
These values represent the quantities 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:
- How can we interpret the break-even points in a real-world context?
- What happens to the profit if we produce quantities greater than the highest break-even point?
- How would changes in the cost or revenue functions affect the break-even points?
- Can there be cases where break-even points do not exist in a quadratic function?
- 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
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