Answer:
a. C(x) = 24,000 + 100x
b. R(x) = 200x
c. Break-even point is 240 canoes
Step-by-step explanation:
a. Cost function is C(x) = FC + pcost * x
C(x) = 24,000 + 100x
Where
FC=Fixed cost = 24,000
pcost=costs to prod canoes = $100
x=produce quantity
b.Revenue function
R(x) = Px * x
R(x) = 200x
Where
Px=Price
x=produce quantity
c. Break-even point is the amount of canoes where revenue are the same as cost. We cover the total cost with the sales.
So, FC + pcost * x=Px * x
24,000 + 100x=200x
Isolating x
24,000 =200x- 100x
100x=24000
x=24,000/100
x=240
Answer:
150
Step-by-step explanation
because 500 minus 350 is 150
Answer:
$125.55
Step-by-step explanation:
All you do is multiply your earned per hour by total hours.
Answer:
2 and 1/4
Step-by-step explanation:
3/4 + b = 3
rearrange the equation
3 - 3/4 = b
3/1 - 3/4 = 14/4 - 3/4 = 11/4 = 2 and 1/4
