'Koala airway' is an Australian company that produces sport aircrafts. Its total revenue and total cost...

  

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'Koala airway' is an Australian company that produces sport aircrafts. Its total revenue and total cost functions are given by the equations: TR = log (Q + 657) TC = 2log (Q + 7) where Q = number of aircrafts produced in a year and TR and TC are expressed in millions. (a) Calculate the quantity that must be produced and sold to break-even. (b) If the company produces and sells 20 planes in a year, calculate the profit/loss amount to the nearest thousand. 'Koala airway' is an Australian company that produces sport aircrafts. Its total revenue and total cost functions are given by the equations: TR = log (Q + 657) TC = 2log (Q + 7) where Q = number of aircrafts produced in a year and TR and TC are expressed in millions. (a) Calculate the quantity that must be produced and sold to break-even. (b) If the company produces and sells 20 planes in a year, calculate the profit/loss amount to the nearest thousand.

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