Question 729821: PLEASE, SOMEONE HELP ME !!!
Two mortgage companies want to hire you as a consultant. Firm A offers you $60 plus rate of $50 per hour. Firm B offers you a flat rate of $65 per hour.
A) Find the "break-even" point - the point where both companies would pay the same amount.
B) If you work for 10 hours, which firm would give you the most money?
*You "Like" to solve this wrd. problem, and I will "Like" you on your website and Facebook . . Excellent !!!
Answer by nerdybill(7384)   (Show Source):
You can put this solution on YOUR website! Two mortgage companies want to hire you as a consultant. Firm A offers you $60 plus rate of $50 per hour. Firm B offers you a flat rate of $65 per hour.
.
Let x = hours worked
then
Firm A:
60x+50
Firm B:
65x
.
A) Find the "break-even" point - the point where both companies would pay the same amount.
"break-even" is when they amount earned is the same for either Firm:
60x+50 = 65x
50 = 5x
10 hours = x
.
B) If you work for 10 hours, which firm would give you the most money?
From part A, working 10 hours is the "break-even" point.
This is when both firms will pay exactly the same amount.
.
You could plug it in and verify:
Firm A:
60x+50 = 60(10)+50 = 600+50 = $650
Firm B:
65x
65x = 65(10) = $650
Answer: both firms will give exactly the same amount
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