Practice problem 1: for each cost and revenue function: Graph the functions Find the minimum break-even quantity Find maximum revenue Find maximum profit a. R(x) = -x + 8x and C(x) = 2x + 5 b. R(x) = -4x + 36x and C(x) = 16x + 24 Practice problem 2: find the revenue function R(x) = px a. Demand is given by P = 100 - 4x b. Demand is given by P = 50-0.5x

Practice problem 1: for each cost and revenue function: - Graph the functions - Find the minimum break-even quantity - Find maximum revenue - Find maximum profit a. R(x)=x2+8x and C(x)=2x+5 b. R(x)=4x2+36x and C(x)=16x+24 Practice problem 2: find the revenue function R(x)=px a. Demand is given by P=1004x b. Demand is given by P=500.5x