Chrome File Edit View History Bookmarks People Window Help t 48% Thu 7:57 PM Eli

Question

Chrome File Edit View History Bookmarks People Window Help t 48% Thu 7:57 PM Elizabeth Wi Take a Test Elizabeth Wojcik Secure https://www.mathxi.com/Student/Player est aspx?testldde 152461474&centerwin; yes MATH 1001 QuantitativeReasoning -Section 120 Elizabeth Wojcik 4/27/17757 PM ops Fi Quiz: Quiz 5: 7.6 aA TIme Remaining: 00:41:18 Submit Quiz Math Lab" This Question: 1 pt This Quiz: 9 pts possible 3 of 9 (0 complete) v My Courses A company that manufactures small canoes has a fixed cost of $24.000. It costs $60 to produce each canoe The selling price is $120 per canoe (In solving this exercise, let x represent the number of canoes produced and sold.) a. Write the cost function. Homework co). mpe an expression using x as the variable.) Quizzes & Test b Write the revenue function. study Plan Roo- IType an expression using xas the variable.) Determine the break-even point. mype an ordered pair. Do not use commas in large numbers) Chapter Conter This means that when the oompany produces and sells the break-even number of canoes OA there is more money coming in than going out. Tools for Succe O B. the money coming in equals the money going out O C, there is less money coming in than going out O D. there is not enough information, Purchase Optio Click to select your answers). Quz 9: 2.3, 2.4 1 of 3 04/27/17

Explanation / Answer

(a) C(x) = Total cost

= fixed cost + variable cost

= 24000 + 60x

(b) R(x) = 120x

(c) For break even, we set

C(x) = R(x)

24000+60x = 120x

Subtract 60x from both sides,

24000 = 60x

Divide both sides by 60,

x = 24000/60 = 400

The breakeven means "The money coming in equals the money going out"

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.