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Tamu Math 140 Final Exam Questions with 100% Correct Answers
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Tamu Math 140 Final Exam Questions with 100% Correct Answers cost function - C(x)=mx+b variable cost+fixed cost revenue function - R(x)=p*x profit function - P(x)= R(x)-C(x) break even quantity - R(x)=C(x) (or P(x)=0) where revenue and cost intersect equilibrium point - S(x)=D(x) where supply and demand intersect how to determine which number to pivot - a) Find the MOST NEGATIVE element in the last row. This determines the pivot column. If there are two that have the same most negative value, either one is fine. (b) For each POSITIVE entry above the horizontal line in the pivot column, divide the constant on
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