Break-Even Analysis You are starting a part-time business. You make an initial investment of $9,000. The unit cost of the product is $6.70, and the selling price is $12.95. (a) Find equations for the total cost C (in dollars) for x units. C(x) = Find equations for the total revenue R (in dollars) for x units. R(x) = (b) Find the break-even point (in units). units (c) How many units would yield a profit of $1,500? units

MATLAB: An Introduction with Applications
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Break-Even Analysis You are starting a part-time business. You make an initial investment of $9,000. The unit cost of the
product is $6.70, and the selling price is $12.95.
(a) Find equations for the total cost C (in dollars) for x units.
C(x) =
Find equations for the total revenue R (in dollars) for x units.
R(x) =
(b) Find the break-even point (in units).
units
(c) How many units would yield a profit of $1,500?
units
Transcribed Image Text:Break-Even Analysis You are starting a part-time business. You make an initial investment of $9,000. The unit cost of the product is $6.70, and the selling price is $12.95. (a) Find equations for the total cost C (in dollars) for x units. C(x) = Find equations for the total revenue R (in dollars) for x units. R(x) = (b) Find the break-even point (in units). units (c) How many units would yield a profit of $1,500? units
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