Assessment Instructions

Show and explain all steps in your responses to the following parts of the assignment. All mathematical steps must be formatted using the equation editor.

Part 1: Use the substitution method to determine the point where the cost equals the revenue.

Part 2: Interpret your results from Part 1 in the context of the problem.

Part 3: Do your results from Part 1 correspond with the graph? Explain.

Part 4: Profit is found by subtracting cost from revenue. Write an equation in the same variables to represent the profit.

Part 5: Find the profit from producing 100 thousand batteries.