Concept explainers
In the following exercises, translate to a system of equations and solve.
420. The manufacturer of a granola bar spends $1.20 to make each bar and sells them for $2. The manufacturer also has fixed costs each month of $8,000.
(a) Find the cost function C when x granola bars are manufactured
(b) Find the revenue function R when x granola bars are sold.
(c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid.
(d) Find the break-even point. Interpret what the break-even point means.
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