An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 250x and its monthly cost in dollars is given by C(x) = 200x+ 20,000. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x= 200. Next question 130,000- 120,000- 110,000- 100,000- 90,000- 80 000- 70,000- 60,000- 50.000- 40,000- 30 000- 20.000- a. The break-even point is x= 10.000- 100 200 300 400 500
An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 250x and its monthly cost in dollars is given by C(x) = 200x+ 20,000. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x= 200. Next question 130,000- 120,000- 110,000- 100,000- 90,000- 80 000- 70,000- 60,000- 50.000- 40,000- 30 000- 20.000- a. The break-even point is x= 10.000- 100 200 300 400 500
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Transcribed Image Text:An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 250x
and its monthly cost in dollars is given by C(x) = 200x + 20,000.
a. Find the break-even point.
b. Graph the revenue and cost equations on the same axes.
c. From the graph, estimate the revenue and cost when x = 200.
Next question
130,000
120,000-
110.000-
100,000-
90,000-
80 000-
a. The break-even point is x =
70,000-
60,000-
50 000-
40.000
30 000-
20.000-
10 000
100 200
200 400 500
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