Math Problem Statement
Answer the questions in the same order that they show up
Solution
I will analyze the image content and solve the questions based on the provided data.
Let's begin with the first part:
1. Part a: Price-Demand Function
The price-demand function is given as:
where is the price per computer in dollars when thousand computers are sold.
Revenue Function
The revenue function is given by:
Expanding the function:
This is the revenue function in thousands of dollars.
a) Graph the Revenue Function
To plot the revenue function, , you would plot values of for different (number of computers in thousands).
Let's first compute some key points for the graph:
- For :
- For :
- For :
- For :
These values will help plot a parabolic curve on the graph, with the maximum revenue between and . The graph will rise until it hits a maximum, then decrease.
2. Part b: Cost Function
The cost function is given by: This is a linear function, where the fixed cost is 4000 and the variable cost increases by 50 for each additional (in thousands of computers).
Let's calculate some values:
- For :
- For :
- For :
- For :
These values can be used to plot the cost function.
c) Find the Break-Even Points
The break-even points occur when revenue equals cost, i.e., .
Set the functions equal to each other: Rearranging the terms:
We can solve this quadratic equation to find the break-even points. I will calculate the roots next.
Let me calculate the break-even points.
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Math Problem Analysis
Mathematical Concepts
Algebra
Quadratic Functions
Linear Functions
Revenue and Cost Analysis
Formulas
Price-Demand Function: p(x) = 2000 - 60x
Revenue Function: R(x) = p(x) * x = 2000x - 60x^2
Cost Function: C(x) = 4000 + 50x
Profit Function: P(x) = R(x) - C(x)
Theorems
Quadratic Formula for solving break-even points
Profit maximization by finding vertex of parabola
Suitable Grade Level
Grades 11-12 or early college
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