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K An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x)=80x and its monthly cost in dollars is given by C(x)=60x+2,400. 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 = 60. x=0- a. The break-even point is x= 11,200- 9.600 8,000- 6,400- 4,800 3.200 1,600 0 0 40 80 120 ROO

K An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x)=80x and its monthly cost in dollars is given by C(x)=60x+2,400. 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 = 60. x=0- a. The break-even point is x= 11,200- 9.600 8,000- 6,400- 4,800 3.200 1,600 0 0 40 80 120 ROO

Advanced Engineering Mathematics
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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K An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x)=80x and its monthly cost in dollars is given by C(x) = 60x + 2,400. 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 = 60. x=0- a. The break-even point is x= Tra 11,200- 9,600 8,000- 6,400- 4,800 3.200 1,600 0 0 40 80 120 ROO
Transcribed Image Text:K An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x)=80x and its monthly cost in dollars is given by C(x) = 60x + 2,400. 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 = 60. x=0- a. The break-even point is x= Tra 11,200- 9,600 8,000- 6,400- 4,800 3.200 1,600 0 0 40 80 120 ROO
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