Solved

Solve the Problem $4\$ 4 , So the Company's Revenue in Dollars For

Question 325

Essay

Solve the problem.
-Marcus Tool and Die Company produces a specialized milling tool designed specifically for machining ceramic components. Each milling tool sells for $4\$ 4 , so the company's revenue in dollars for xx units sold is R(x)=4xR ( x ) = 4 x . The company's cost in dollars to produce xx tools can be modeled as C(x)=304+30x5/8C ( x ) = 304 + 30 x ^ { 5 / 8 } . Use Newton's method to find the break-even point for the company (that is, find xx such that C(x)=R(x)C ( x ) = R ( x ) ). Use x=370x = 370 as your initial guess and show all your work.

Correct Answer:

verifed

Verified

Find the root of blured image.
blured image
...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents