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MAT10706 Quantitative Methods With Economics

tag 0 Download 3 Pages / 698 Words tag 03-07-2021

Questions:

Steps to complete to undertake the investigation

  1. Find the total cost and total revenue function for each type of insect and plot these functions on an Excel graph (i.e. you will produce 3 graphs, each with two lines on it). For the revenue function, select a price for each insect within the price ranges in the table above.
  2. Confirm any points of intersection between the cost and revenue function lines using algebra.
  3. Find the profit functions and the break-even point for each insect, using the sale prices chosen in part 1.
  4. Summarise your findings in 200 words. In this summary:
  5. Explain the meaning and significance of any points of intersection noted from steps 1 and 2.
  6. Discuss any differences in profitability between each type of insect (for example, which insect would be easiest to make a profit from?)
  7. Note any assumptions you have made that impact on your findings.

Please follow these guidelines for the assignment

  • The assignment must be submitted online as a SINGLE Word file with Excel output copied and pasted (use paste special --> Excel object).
  • All submissions should be typed including the mathematics in A4 page size
  • All written descriptions must be in correctly structured sentences using appropriate mathematical, business and English language.
  • Descriptions should be in formal language (e.g. third person -no use of I or me throughout).
  • Figures and tables must be fully labelled and include headings
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My Assignment Help (2021) MAT10706 Quantitative Methods With Economics [Online]. Available from: https://myassignmenthelp.com/free-samples/mat10706-quantitative-methods-with-economics/effective-and-relevant-logically-sequenced.html
[Accessed 30 January 2023].

My Assignment Help. 'MAT10706 Quantitative Methods With Economics' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/mat10706-quantitative-methods-with-economics/effective-and-relevant-logically-sequenced.html> accessed 30 January 2023.

My Assignment Help. MAT10706 Quantitative Methods With Economics [Internet]. My Assignment Help. 2021 [cited 30 January 2023]. Available from: https://myassignmenthelp.com/free-samples/mat10706-quantitative-methods-with-economics/effective-and-relevant-logically-sequenced.html.


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