Statistics and quantitative analysis

Reference no: EM1392714

1. Given the following revenue and cost function for a business firm, calculate the break-even quantity, total revenue, total cost and total profit at break-even level of production.

revenue function R = F(Q) = 4q

total cost C = F(Q) = 12 + 2q

2. Given the following revenue and cost function for a business firm, calculate the break-even quantity, total revenue, total cost and total profit at break-even level of production.

total revenue R = f(q) = 30q

total cost C = 100 + 5q + q squared

a. Find the first derivative using the limits formula [dy/dx lim x-0]

b. Calculate the maximum profit at the profit maximization level of production

Reference no: EM1392714

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