SOLUTION: Problem:
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 f
Algebra ->
Quadratic Equations and Parabolas
-> SOLUTION: Problem:
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 f
Log On
Question 78955: Problem:
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
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)?
(