Exercises 121-124: Break-Even Point The break-even point for a company is where costs equal revenues. Therefore the break-even point is the solution to a system of two equations. For each of the following, C represents cost in dollars to produce x items and R represents revenue in dollars from selling x items.
121.
a. What are the company's fixed costs?
b. How much does it cost to make one unit of the product?
c. Find the break-even point and interpret each coordinate in context.
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