SOLUTION: To produce x units of a religious medal costs C(x)=13x+44. The revenue is R(x)=24x. Both cost and revenue are in dollars.
a.Find the break-even quantity
b.Find the profit from 53
Algebra.Com
Question 1047571: To produce x units of a religious medal costs C(x)=13x+44. The revenue is R(x)=24x. Both cost and revenue are in dollars.
a.Find the break-even quantity
b.Find the profit from 530 units.
c.Find the number of units that must be produced for a profit of $110.
Found 2 solutions by Boreal, MathLover1:
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
Break even is when they are both equal.
13x+44=24x
11x=44; x=4 medals.
There, the cost and revenue are both $96.
From 530 units, the cost is 13(530)+44, and the revenue is 530(24)
This is also 530(24)-530(13)-44
That is 530(11)-44=5830-44=$5786
-----------------
Revenue must be 110 more than cost.
24x-110=13x+44
11x=154
x=14 medals
Answer by MathLover1(20849) (Show Source): You can put this solution on YOUR website!
a.Find the break-even quantity
Break even occurs when Revenue = Cost
->the break-even quantity
b.Find the profit from units.
........if units, we have
c.Find the number of units that must be produced for a profit of $.
....solve for
RELATED QUESTIONS
To produce x units of a religious medal costs C(x)=13x+119. The revenue is R(x)=30x. Both (answered by macston,stanbon)
To produce x units of a religious medal cost
C(x) =12x+26
The revenue is R(x) =25x... (answered by greenestamps)
Break-Even Analysis To produce x units of a religious
medal costs C(x)=12x+30. The... (answered by ankor@dixie-net.com)
I have a question can someoen correct this for me please:
Problem #1
To produce x... (answered by Earlsdon)
If x units of a product cost c dollars to manufacture and earn revenue of r dollars, the... (answered by Edwin McCravy)
If X units of a product cost c dollars to manufacture and earn revenue of R dollars the... (answered by mananth)
If X units of a product cost c dollars to manufacture and earn revenue of R dollars the... (answered by ankor@dixie-net.com)
Producing x units of tacos cost C(x)=5x+20; revenue is R(x)=15x, where both C(x) and R(x) (answered by josmiceli)
The point at which a company's costs equal its revenues is the break-even... (answered by Theo)