Given the following linear revenue function and quadratic cost function for a business firm, calculate the break - even quantity, total revenue, total cost and profit at break even level of production.
Total Revenue R= f(q)=30 q
Total Cost C= 100+5q+q^2
Find the first derivative using the limits formula [dy/dx lim x->0]
Calculate the maximum profit at the profit maximizing level of production?
The solution contains the complete steps to arrive at the revenue cost.