Marginal Revenue, Cost, Profit: Analysis Problem 1
- Author:
- Tim Brzezinski
1.
How many items must this company sell in order to break even? How do you know this?
2.
Use the tools of GeoGebra to find the marginal revenue at x = 3000 items sold. What does this value mean with respect to this context?
3.
Use the tools of GeoGebra to find the marginal profit at x = 7000 items sold. What does this value mean with respect to this context?
4.
Does maximizing revenue guarantee a maximization of profit? How does this context illustrate or NOT HELP illustrate this statement?