A company has cost and revenue functions, in dollars, given by C(q) = 6000 + 10q and

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A company has cost and revenue functions, in dollars, given by C(q) = 6000 + 10q and R(q) = 12q.

(a) Find the cost and revenue if the company produces 500 units. Does the company make a profit? What about 5000 units?

(b) Find the break-even point and illustrate it graphically.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 08, 2023 06:38 AM

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A company has cost and revenue functions, in dollars, given by C(q) = 6000 + 10q and

Question:

Step by Step Answer:

a The cost of producing 500 units is C500 6000 10500 6000 5000 11000 The revenue the company makes b...View the full answer

Applied Calculus

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