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The monthly revenue R achieved by selling x wrist watches is figured to be R(x) = 75x - 0.2x 2 . The monthly cost of selling x wrist watches is C(x)...
The monthly revenue R achieved by selling x wrist watches is figured to be
R(x) = 75x - 0.2x2. The monthly cost of selling x wrist watches is C(x) = 32x + 1750.
Answer the following questions and incorporate your answers into a word-processed report. The sections of the report should correspond to the individual questions below.
a) Find the breakeven point(s).
b) By plotting the revenue and cost functions, obtain the Break-even output levels and corresponding price (use graph paper)
c) Generate the profit function for the company and find,
i. The level production that maximizes the profit.
ii. The maximum profit.
