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OpenStudy (anonymous):
suppose R(x)=-x^2/2+5x and C(x)=3/2*x+3 are cost and revenue fuctions for producing and selling x batches of widgets. compute profit function and break even points and determine the max revenue and profit.
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OpenStudy (amistre64):
break even is when cost is equal to revenue
OpenStudy (amistre64):
profit is the difference between inflow and outflow: R - C when R = C, profit is 0 and you break even
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