Cost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed costs are euro 60 including the rate he pays to the local council. How many tomato plants must he sell to break even? What kind of profit will he realize from selling 180 plants? Formulate P(x) function clearly and graph it. Values of its intersections with both axes must be clear.
Cost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed costs are euro 60 including the rate he pays to the local council. How many tomato plants must he sell to break even? What kind of profit will he realize from selling 180 plants? Formulate P(x) function clearly and graph it. Values of its intersections with both axes must be clear.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Cost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed costs are euro 60 including the rate he pays to the local council.
- How many tomato plants must he sell to break even?
- What kind of profit will he realize from selling 180 plants?
- Formulate P(x) function clearly and graph it. Values of its intersections with both axes must be clear.
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