Revenue = cost
30000+45x+0.3x^2 = 605x-0.7x^2
x^2-560x+30000 =0
This equation is of form ax^2+bx+c=0
a = 1 b = -560 c = 30000
x=[-b+/-sqrt(b^2-4ac)]/2a]
x=[560 +/-sqrt(-560^2-4(1)(30000)]/(2)(1)
discriminant is b^2-4ac =193600
x=[560 +√(193600)] / (2)(1)
x=[560 -√(193600)] / (2)(1)
x=[560+440] / 2
x=[560-440] / 2
The roots are 500 and 60
x=60 and x=500 are break-even points.
At breakeven point total revenue equals the total cost:
C(x) = R(x)
30000 + 45x + 0.3x^2 = 605x - 0.7x^2
x^2 - 560x + 30000 = 0
(x - 60)(x - 500) = 0
x = 60, 500
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Answers & Comments
Revenue = cost
30000+45x+0.3x^2 = 605x-0.7x^2
x^2-560x+30000 =0
This equation is of form ax^2+bx+c=0
a = 1 b = -560 c = 30000
x=[-b+/-sqrt(b^2-4ac)]/2a]
x=[560 +/-sqrt(-560^2-4(1)(30000)]/(2)(1)
discriminant is b^2-4ac =193600
x=[560 +√(193600)] / (2)(1)
x=[560 -√(193600)] / (2)(1)
x=[560+440] / 2
x=[560-440] / 2
The roots are 500 and 60
x=60 and x=500 are break-even points.
At breakeven point total revenue equals the total cost:
C(x) = R(x)
30000 + 45x + 0.3x^2 = 605x - 0.7x^2
x^2 - 560x + 30000 = 0
(x - 60)(x - 500) = 0
x = 60, 500