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alyssarenae1215
alyssarenae1215
20.05.2020 • 
Mathematics

Complete items 1 - 10. Please please please I need help

1. Write the expense function in terms of q.
e = (V E) q + (F E)
*remember VE is variable expenses and FE is fixed expenses

2. Write the expense function in terms of p.
*substitute the demand function for q in the equation from problem 1

3. Write the revenue function. R = pq (R = price times quantity) *multiply the equation in problem 2 by p

4. Determine the prices at the break-even points (there will be 2 answers).
*set the answer in #3 equal to the answer in #2, then combine like terms. After
combining like terms use the quadratic formula to solve for p (use p in place of x)..
−b±√b−4ac 2a
x=

5. Determine the expense and revenue amounts at the two break even points. *substitute the two answers from #4 into the equation from #2. Do each one on its
own to get two different answers

6. Determine the price that maximizes revenue. *usingtheequationfrom#3,use −b

7. Determine the maximum revenue.
*put the answer from #6 in for p in the equation from #3

8. Write the profit function for this scenario. *equation from #3 minus the equation from #2

9. Determine the price that provides the greatest profit. *usetheequationfrom#8,use −b

10. Determine the maximum profit.
*put the answer from #9 into the equation from #8


Complete items 1 - 10. Please please please I need help 1. Write the expense function in terms of q

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