A firm will break even (no profit and no loss) as long as revenue just equals cost. The value of x (the number of items produced and sold) where C(x) =R(x) is called the break-even point. Assume that the below table can be expressed as a linear function. Find (a) the cost function, (b) the revenue function, and (c) the profit function. (d) Find the break-even point and decide whether the product should be produced, given the restrictions on sales. Price of item $25 According to the restriction, no more than 26 units can be sold. Fixed cost Variable cost $450 $10 (a) The cost function is C(x) =. (Simplify your answer.) (b) The revenue function is R(x) =. (Simplify your answer.) (c) The profit function is P(x) = (Simplify your answer.) (d) Select the correct choice below and fill in the answer box within your choice. (Type a whole number.) O A. The break-even point is units. Thus, the product should be produced, given the restriction on sales. O B. The break-even point is units. Thus, the product should not be produced, given the restriction on sales.

A firm will break even (no profit and no loss) as long as revenue just equals cost. The value of x (the number of items produced and sold) where C(x) =R(x) is called the break-even point. Assume that the below table can be expressed as a linear function. Find (a) the cost function, (b) the revenue function, and (c) the profit function. (d) Find the break-even point and decide whether the product should be produced, given the restrictions on sales. Price of item $25 According to the restriction, no more than 26 units can be sold. Fixed cost Variable cost $450 $10 (a) The cost function is C(x) =. (Simplify your answer.) (b) The revenue function is R(x) =. (Simplify your answer.) (c) The profit function is P(x) = (Simplify your answer.) (d) Select the correct choice below and fill in the answer box within your choice. (Type a whole number.) O A. The break-even point is units. Thus, the product should be produced, given the restriction on sales. O B. The break-even point is units. Thus, the product should not be produced, given the restriction on sales.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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