Math Problem Statement
Find the break-even point(s) for the revenue and cost functions below. Separate multiple answers with a comma.
R(x)=472.80x−4x2C(x)=12x+7464.60
Solution
To find the break-even point(s) for the given revenue and cost functions, we set the revenue function equal to the cost function and solve for .
Given:
The break-even point occurs where . So, we set up the equation:
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Rearrange the equation: Simplify terms:
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Rewrite as a standard quadratic equation:
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Solve for using the quadratic formula: where , , and .
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Calculate the discriminant:
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Find the values of :
Let's perform the calculations.The break-even points are at and .
Would you like further details or have any questions?
Here are some related questions to explore:
- How do we interpret the meaning of multiple break-even points in this context?
- What happens to the profit at values of between the break-even points?
- How would the break-even points change if the cost function had a different slope?
- How can we verify the solution by substituting back into the original equations?
- How does the discriminant affect the type and number of solutions?
Tip: Remember that break-even points indicate where revenue exactly matches costs, meaning no profit or loss.
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Math Problem Analysis
Mathematical Concepts
Algebra
Quadratic Equations
Revenue and Cost Functions
Break-Even Analysis
Formulas
Quadratic equation formula: ax^2 + bx + c = 0
Revenue function: R(x)
Cost function: C(x)
Break-even condition: R(x) = C(x)
Theorems
Quadratic Formula
Suitable Grade Level
Grades 10-12
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