A company that manufactures running shoes has a fixed cost of $300,000. Additionally, it costs $30 to produce each pair of shoes. The shoes are sold at $80 per pair. a. Write the cost function, C, of producing x pairs of running shoes. b. Write the revenue function, R, from the sale of x pairs of running shoes. c. Determine the break-even point. Describe what this means.
A company that manufactures running shoes has a fixed cost of $300,000. Additionally, it costs $30 to produce each pair of shoes. The shoes are sold at $80 per pair. a. Write the cost function, C, of producing x pairs of running shoes. b. Write the revenue function, R, from the sale of x pairs of running shoes. c. Determine the break-even point. Describe what this means.
Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 4.59TI: The manufacturer of a weight training bench spends $15 to build each bench and sells them for $32....
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Transcribed Image Text:A company that manufactures running shoes has a fixed
cost of $300,000. Additionally, it costs $30 to produce each pair of shoes. The shoes are
sold at $80 per pair.
a. Write the cost function, C, of producing x pairs of running shoes.
b. Write the revenue function, R, from the sale of x pairs of running shoes.
c. Determine the break-even point. Describe what this means.
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