4. A photocopier manufacturer finds that the revenue R in thousands of pesos from the sale of "x" photocopiers is given by R(x) = 5x2 + x. If the cost C, in thousands of pesos, of producing "x" photocopiers is given by C(x) = 4x2 + 13x + 16, how many photocopiers must be produced and sold in order for the manufacturer to break even?
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Answer:
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Given : A photocopier manufacturer finds that the revenue R in thousands of pesos from the sale of "x" photocopiers is given by R(x) = 5x² + x.
The cost C, in thousands of pesos, of producing "x" photocopiers is given by C(x) = 4x² + 13x + 16,
To Find : how many photocopiers must be produced and sold in order for the manufacturer to break even?
Solution:
At breakeven
Revenue = Total Cost
Hence
R(x) = C(x)
5x² + x = 4x² + 13x + 16
=> x² - 12x - 16 = 0
x = (12 ± √144 + 64) /2
=> x = 6 ± 2√13
x can not be negative
Hence x = 6 + 2√13
x ≈ 13.2
Hence 14 photocopiers must be produced and sold in order for the manufacturer to break even
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