SOLUTION: An editor wants to publish a new graphic novel. Before being approved, the publisher needs to make sure that it can profit with the production cost and staff.
Their accountant
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Question 1126461: An editor wants to publish a new graphic novel. Before being approved, the publisher needs to make sure that it can profit with the production cost and staff.
Their accountant has given them a cost equation of y=0.55x+1600 and a revenue equation of y=0.8x.
Calculate and interpret the break-even point.
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
0.55x + 1600 = 0.8x
-0.25x = -1600 divide, remember -/- = +
x = 6,400 units is the breakeven point, this is the point at which total variable (x) plus fixed (1600) costs equal revenues (0.8x)
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