Question
A piece of equipment has cost function C(x)=50x^2 + 1000 and its revenue
function is R(x)= 500x - x^2, where x is in thousands of items. What is the
least number of items that must be sold in order to break even?
50x^2 + 1000 = 500x - x^2
50x^2 + x^2 + 500= 0
51x^2 + 500 = 0
Do I just do -b/2a = -500/102= -250/51? What do I do next?
function is R(x)= 500x - x^2, where x is in thousands of items. What is the
least number of items that must be sold in order to break even?
50x^2 + 1000 = 500x - x^2
50x^2 + x^2 + 500= 0
51x^2 + 500 = 0
Do I just do -b/2a = -500/102= -250/51? What do I do next?
Answers
well, you should see right off that since 51x^2 is always positive, you can never have 51x^2 = -500.
So, let's see what happened.
50x^2 + 1000 = 500x - x^2
51x^2 - 500x + 1000 = 0
Now just use the quadratic formula to find the roots.
So, let's see what happened.
50x^2 + 1000 = 500x - x^2
51x^2 - 500x + 1000 = 0
Now just use the quadratic formula to find the roots.
wow that was a silly mistake I didn't see the x next to 500 and thought I could just subtract it from 1000
thank you!
thank you!
Related Questions
Demand function P=50-Q
Average Cost 5Q + 40 +10/Q
Calculate the firm's total cost function...
The marginal cost function is MC(q)=300-10q, where 'q' is the number of tons of coffee produced. Fix...
The marginal revenue for x items in dollars is given by R′(x)=−4.5x+6. Determine (a) the revenue fun...
Determine the profit function P(x), if the revenue function and cost functions are R(x)=70x-1000 and...