A small plant manufacturing riding mowers. The plant has fixed costs (leases, insurance, etc.) of $48,182 per day and variable costs (labor, materials, etc.) of $1,333 per mower produced. The mowers are sold for $1,852 each. The resulting cost and revenue equations are y = 48,182 + 1,333 æ Cost equation y = 1,852 x Revenue equation %3D where a is the total number of mowers produced and sold each day. The daily costs and revenue are in dollars. How many mowers must be manufactured and sold each day for the company to break even? mowers. Round to the nearest mower.
A small plant manufacturing riding mowers. The plant has fixed costs (leases, insurance, etc.) of $48,182 per day and variable costs (labor, materials, etc.) of $1,333 per mower produced. The mowers are sold for $1,852 each. The resulting cost and revenue equations are y = 48,182 + 1,333 æ Cost equation y = 1,852 x Revenue equation %3D where a is the total number of mowers produced and sold each day. The daily costs and revenue are in dollars. How many mowers must be manufactured and sold each day for the company to break even? mowers. Round to the nearest mower.
Chapter7: Systems Of Equations And Inequalities
Section7.1: Systems Of Linear Equations: Two Variables
Problem 2SE: If you are performing a break-even analysis for a business and their cost and revenue equations are...
Related questions
Question
Break-Even Analysis
Any manufacturing company has costs which include fixed costs such as plant overhead, product design, setup, and promotion; and variable costs that depend on the number of items produced. The revenue is the amount of money received from the sale of its product. The company breaks even if the revenue is equal to the cost.
QUESTION IS ATTACHED TO THE IMAGE BELOW THANKS!

Transcribed Image Text:A small plant manufacturing riding mowers. The plant has fixed costs (leases,
insurance, etc.) of $48,182 per day and variable costs (labor, materials, etc.) of $1,333
per mower produced. The mowers are sold for $1,852 each. The resulting cost and
revenue equations are
y = 48,182 + 1,333 x
Cost equation
y = 1,852 x
Revenue equation
where x is the total number of mowers produced and sold each day. The daily costs
and revenue are in dollars.
How many mowers must be manufactured and sold each day for the company to
break even?
mowers. Round to the nearest mower.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images

Recommended textbooks for you

Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage

College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning

Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage

College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning

Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL


Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University