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    Cost and revenue equilibrium

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    A larg wholesale nursery sells shrubs to a retail store. The cost C(x) and revenue R(x) in dollars for x shrubs are listed below:

    C(x) = 15x +12000
    R(x) = 18 x

    a) find the equilibrium point.
    b) explain the meaning of the equilibrium point.

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    https://brainmass.com/math/graphs-and-functions/cost-revenue-equilibrium-562696

    Solution Preview

    a)
    Equilibrium point:
    Revenue = Cost
    => R(x) = C(x)
    => 18 x = 15 x + 12000
    => 18x - 15x = 12000
    => 3x = 12000
    => x = 12000/3 ...

    Solution Summary

    A problem related to to equilibrium in revenue & cost is solved here.

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