Explore BrainMass
Share

Explore BrainMass

    Revenue and Cost Problem

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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?

    © BrainMass Inc. brainmass.com October 10, 2019, 4:55 am ad1c9bdddf
    https://brainmass.com/business/business-math/revenue-cost-problem-484229

    Solution Summary

    The solution contains the complete steps to arrive at the revenue cost.

    $2.19