SOLUTION: Problem: The cost of producing a number of items x is given by C=mx+b , in which b is the fixed cost and m is the variable cost (the cost of producing one more item). a) If

Question 78961:
Problem:
The cost of producing a number of items x is given by C=mx+b , in which b is the fixed cost and m is the variable cost (the cost of producing one more item).
a) If the fixed cost is $40 and the variable cost is $10, write the cost equation
b) Graph the cost equation
c) The revenue generated from the sale of x items is given by R = 50x. Graph the revenue equation on the same set of axes as the cost equation.
d) How many items must be produced for the revenue to equal the cost (the break-even point)?

Answer by renevencer22(21) (Show Source): You can put this solution on YOUR website!
see:
http://jrvencer3.esmartdesign.com/rdvmathematics.html
(look for break-even or eq 79049)
RELATED QUESTIONS
Business and Finance. The cost of producing a number of items x is given by C= mx + b,... (answered by fractalier)

Business and finance. The cost of producing a number of items x is given by C= mx +b, in (answered by stanbon)

Please help. Business and finance. The cost of producing a number of items x is given... (answered by edjones)

The cost of producing a number of items x is given by C=mx+b, in which b is the fixed... (answered by fractalier,venugopalramana)

The cost of producing a number of items x is given by C = mx = b, in which b is the... (answered by funmath)

THE COST OF PRODUCING A NUMBER OF ITEMS X IS GIVEN BY C = MX + B, IN WHICH B IS THE FIXED (answered by josmiceli)

THE COST OF PRODUCING A NUMBER OF ITEMS x IS GIVEN BY C = mx + b, IN WHICH b IS THE... (answered by Fombitz)

Business and finance. The cost of producing a number of items x is given by C = mx + b, (answered by funmath)

The cost of producing a number of items x is given by C=mx + b, in which b is the fixed... (answered by venugopalramana)

The cost of producing a number of items x is given by C=mx+b, in which b is the fixed... (answered by funmath)