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 896746: 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 rothauserc(4718) (Show Source):
You can put this solution on YOUR website! a) The cost equation(C) is the revenue minus the profit, therefore
C(x) = 0.26x - (0.085x -1.1)
C(x) = 0.26x - 0.085x +1.1
C(x) = 0.175x +1.1
b) break even point is where cost = revenue
0.175x +1.1 = 0.26x
1.1 = 0.085x
x = 12.94 million
