SOLUTION: The unit cost per gizmo is $30;the fixed cost for making gizmos is $1,200. Sixty gizmos must be sold in order to break even. - Find the linear cost function -Find the linear rev

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Question 1174240: The unit cost per gizmo is $30;the fixed cost for making gizmos is $1,200. Sixty gizmos must be sold in order to break even.
- Find the linear cost function
-Find the linear revenue function
- Find the linear profit function
Answer by Solver92311(821) About Me  (Show Source):
You can put this solution on YOUR website!


Let represent the amount of items manufactured and then make the utterly ludicrous assumption that every item manufactured was sold for price

Cost function:

Revenue function:

Profit function:

"break even" [sic] means . We are given that break-even occurs when the number of sales is 60.

Hence: . Solve for


John

My calculator said it, I believe it, that settles it

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