SOLUTION: The revenue (in millions of dollars) from the sale of x units at a home supply outlet is given by R(x)=0.18x. The profit (in millions of dollars) from the sale of x units is given
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-> SOLUTION: The revenue (in millions of dollars) from the sale of x units at a home supply outlet is given by R(x)=0.18x. The profit (in millions of dollars) from the sale of x units is given
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Question 288451: The revenue (in millions of dollars) from the sale of x units at a home supply outlet is given by R(x)=0.18x. The profit (in millions of dollars) from the sale of x units is given by P(x)=0.083x-1.1. Find the cost equation. What is the break-even point.
9. Cost equation
10. Break-even point
I think it is a trick question - I don't think there is a break-even point! Answer by richwmiller(17219) (Show Source):
You can put this solution on YOUR website! So where is your work?
Where is your cost equation?
What have you tried to find the break even point.
What is a break even point?
How can there not be a break even point?
If there is profit, there must be a break even point- just before profit begins.
We are given equations for revenue and profit but not for cost.
We have to equate cost and revenue for break even. We don't have the cost equation. That is the first thing to write.
profit minus revenue is cost.
