SOLUTION: PLEASE EXPLAIN AND HELP ME !!!!!
The revenue (in millions of dollars) from the sale of x units at a home supply outlet is given by R(x)=0.26x. The profit (in millions of dollars
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The revenue (in millions of dollars) from the sale of x units at a home supply outlet is given by R(x)=0.26x. The profit (in millions of dollars
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Question 896745: PLEASE EXPLAIN AND HELP ME !!!!!
The revenue (in millions of dollars) from the sale of x units at a home supply outlet is given by R(x)=0.26x. The profit (in millions of dollars) from the sale of x units is given by P(x)=0.085x-1.1.
What is the cost equation?
What is the break even point?
PLEASE HELP ME Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! The revenue (in millions of dollars) from the sale of x units at a home supply outlet is given by R(x)=0.26x.
The profit (in millions of dollars) from the sale of x units is given by P(x)=0.085x-1.1.
:
What is the cost equation?
we know that the cost: C(x) = revenue - profit, or R(x) - P(x), so we have:
C(x) = .26x - (.085x-1.1)
C(x) = .26x - .085x + 1.1; (neg outside the brackets, changes the signs inside)
C(x) = .175x + 1.1; is the cost equation
:
What is the break even point?
The break even point occurs when the revenue = cost or R(x) = C(x), so we have
.26x = .175x + 1.1
.26x - .175x = 1.1
.085x = 1.1
x = 1.1/.085
x = 13 is the value that will give the break even point
