A company that manufactures small canoes has a fixed cost of $18,000. It costs $80 to produce each canoe. The selling price is $320 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold) ..... a. Write the cost function. C(x) = (Type an expression using x as the variable.) b. Write the revenue function. R(x) = (Type an expression using x as the variable.) c. Determine the break-even point. (Type an ordered pair. Do not use commas in large numbers.) This means that when the company produces and sells the break-even number of canoes O A. the money coming in equals the money going out. OB. there is less money coming in than going out. OC. there is more money coming in than going out. OD. there is not enough information.
A company that manufactures small canoes has a fixed cost of $18,000. It costs $80 to produce each canoe. The selling price is $320 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold) ..... a. Write the cost function. C(x) = (Type an expression using x as the variable.) b. Write the revenue function. R(x) = (Type an expression using x as the variable.) c. Determine the break-even point. (Type an ordered pair. Do not use commas in large numbers.) This means that when the company produces and sells the break-even number of canoes O A. the money coming in equals the money going out. OB. there is less money coming in than going out. OC. there is more money coming in than going out. OD. there is not enough information.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter8: Polynomials
Section8.1: Adding And Subtracting Polynomials
Problem 44PPS
Related questions
Question
Transcribed Image Text:A company that manufactures small canoes has a fixed cost of $18,000. It costs $80 to produce each canoe. The selling
price is $320 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold.)
a. Write the cost function.
C(x) =
(Type an expression using x as the variable.)
%3D
b. Write the revenue function.
R(x) =
(Type an expression using x as the variable.)
c. Determine the break-even point.
(Type an ordered pair. Do not use commas in large numbers.)
This means that when the company produces and sells the break-even number of canoes
O A. the money coming in equals the money going out.
O B. there is less money coming in than going out.
C. there is more money coming in than going out.
D. there is not enough information.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell