Lesson 8: Break Even Analysis, Equilibrium Quantity/Price

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Presentation transcript:

Lesson 8: Break Even Analysis, Equilibrium Quantity/Price MATH 1314 Lesson 8: Break Even Analysis, Equilibrium Quantity/Price

Cost Functions:

Revenue Functions:

Profit Functions:

Example 1:

Break-Even Analysis

Example 2: Find the break-even point for the problem in Example 1. Command: Answer: P(x)= R(x)-C(x) Simplify(P(x)) intersect(C(x),R(x)) Root(P(x))

fitpoly(L,1)

fitpoly(L_1,1)

Popper 6: intersect(R(x),C(x))

Market Equilibrium:

intersect(D(x),S(x))

Intersect(d(x), s(x)) fitpoly(L,1) fitpoly(M,1)