SOLUTION: A company that manufactures bicycles has a fixed cost of $100,000. It costs $100 to produce each bicycle. The selling price per bike is $300. Write the cost function, C. Write

Question 326343: A company that manufactures bicycles has a fixed cost of $100,000. It costs $100 to produce each bicycle. The selling price per bike is $300.
Write the cost function, C.
Write the revenue function, R.
Determine the break-even point. Describe what this means.
Hint: In solving this exercise, let x represent the number of bicycles produced and sold.

Answer by vleith(2983) (Show Source): You can put this solution on YOUR website!
Let x be the number of bikes produced.
You are told the Costs include a fixed cost os 100000 plus a variable cost of 100 per bike.
So

The Revenue is the amount of money you get selling bikes. You get 300 for each bike you sell.
So

The break even point is the number of bikes where your Revenue exactly offsets your costs.

You need to seel at least 500 bikes to start 'making a profit'
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