DF:x=9000-30px
CF:c=90000+30x
Find
CP=?
R=?
BEp&out put=?
To find CP, R, and BEp&output, we need to understand the given equations and their meanings. Let's break it down step by step.
First equation: DF:x=9000-30px
This equation represents the demand function, where "x" represents the quantity demanded and "DF:x" represents the demand function itself. The equation shows that the quantity demanded is dependent on the price (represented by "p").
Second equation: CF:c=90000+30x
This equation represents the cost function, where "c" represents the total cost and "CF:c" represents the cost function itself. The equation shows that the total cost is dependent on the quantity produced (represented by "x").
Now, let's find the values for CP, R, and BEp&output.
1. CP (Consumer Price)
To find CP, we need to solve the demand function equation for "p". The equation is:
DF:x = 9000 - 30px
Simplifying this equation, we have:
30px = 9000 - DF:x
Dividing both sides by 30x, we get:
p = (9000 - DF:x) / 30x
Now, substitute the given value of DF:x to find the consumer price CP.
2. R (Revenue)
To find revenue (R), we need to multiply the consumer price (CP) by the quantity demanded (x). Using the values obtained from the previous step, calculate R as follows:
R = CP * x
3. BEp&output (Break-even point and output)
The break-even point occurs when the revenue equals the cost. Therefore, to find the BEp&output, we set R equal to the total cost (CF:c). Again, substitute the CP and x values into the equations to find the break-even point.
By following these steps and substituting the appropriate values, you can find the values for CP, R, and BEp&output.