Question: Name: ___________________________________ Date: _____________ MAT 1460- ____ Homework Section 3.4 Support your answer by showing your work. 1. Given the function ( ) Find the

Name: ___________________________________ Date: _____________ MAT 1460- ____ Homework Section 3.4 Support your answer by showing your work. 1. Given the function ( ) Find the vertex and intercepts of the graph. The give a sketch of the graph on the grid to the right. 2. The supply and demand functions for a certain commodity are: Supply: Demand: Find the equilibrium quantity and price. 3. The revenue function of a certain item is ( ) . The marginal cost of the item is $200. The fixed costs are $2000. Answer the following questions. a) Find the cost function of the item. b) What is the break-even point, to the nearest tenth. c) Find the x-value that makes profit a maximum. d) Find the maximum profit

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