Marginal Revenue, Cost, Profit: Analysis Problem 1
1.
How many items must this company sell in order to break even? How do you know this?
2.
Use the tools of GeoGebra to find the marginal revenue at x = 3000 items sold. What does this value mean with respect to this context?
3.
Use the tools of GeoGebra to find the marginal profit at x = 7000 items sold. What does this value mean with respect to this context?
4.
Does maximizing revenue guarantee a maximization of profit? How does this context illustrate or NOT HELP illustrate this statement?