SOLUTION: I think I may have submitted this one before but I am really having trouble with it still.
Business and finance. The cost of producing a number of items x is given by C = mx + b,
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-> SOLUTION: I think I may have submitted this one before but I am really having trouble with it still.
Business and finance. The cost of producing a number of items x is given by C = mx + b,
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Question 73562: I think I may have submitted this one before but I am really having trouble with it still.
Business and finance. 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.
This is what I came up for this part.
C = 10x + 40
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)?
You can put this solution on YOUR website! Business and finance. 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.
This is what I came up for this part.
C = 10x + 40
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.
Done
(d) How many items must be produced for the revenue to equal the cost (the break-even point)?
R=C
50x = 10x+40
40x=40
x= 1 (number of items that must be produced to break even)
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Cheers,
Stan H.
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