A computer firm is planning to sell a new graphing calculator. For the first yea

Question

A computer firm is planning to sell a new graphing calculator. For the first year, the fixed costs for setting up the new production line are dollar100,000. The variable costs for producing each calculator are estimated dollar22. The sales department decides that the calculators can be sold during the at first year at a price of dollar7 each. Find C(x), the total cost of producing x calculators. Find R(x), the total revenue from the sale of x calculators. How many calculators must the firm sell in order to break even? Find C(x) in dollars. C(x)= Find R(x) in dollars. R(x)= The firm must sell calculators to break even.

Explanation / Answer

a)C(X) =fixed cost +variable cost =100000+22x

b)R(X) =47x

c) break even pointt: total cost =total revenue

47x =22x+100000

25x=100000

x=4000

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