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Mathematics, 11.02.2020 17:05 Admin

Suppose you are the manager of a firm. The accounting department has provided cost estimates, and the sales department sales estimates, on a new product. Analyze the data they give you, determine what it will take to break even, and decide whether to go ahead with production of the new product. The product has a production cost function C(x)equals75xplus3 comma 350 and a revenue function R(x)equals100x.

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