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

2. Cost Functions:

3. Revenue Functions:

4. Profit Functions:

5. Example 1:

6. Break-Even Analysis

7. 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))

8. fitpoly(L,1)

9. fitpoly(L_1,1)

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

13. Market Equilibrium:

14. intersect(D(x),S(x))

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