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A company that manufactures small canoes has a fixed cost of $20,000. It costs $80 to produce each canoe. The selling price is $160 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold.) a. Write the cost function. C(x) = 20000 + 80x (Type an expression using x as the variable.) b. Write the revenue function. R(x) = 160x (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.) (1,1) More Enter your answer in the answer box and then click Check Answer.

A company that manufactures small canoes has a fixed cost of $20,000. It costs $80 to produce each canoe. The selling price is $160 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold.) a. Write the cost function. C(x) = 20000 + 80x (Type an expression using x as the variable.) b. Write the revenue function. R(x) = 160x (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.) (1,1) More Enter your answer in the answer box and then click Check Answer.

Survey Of Economics
Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQ
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what is the ordered pair ?

A company that manufactures small canoes has a fixed cost of $20,000. It costs $80 to produce each canoe. The selling price is $160 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold.) a. Write the cost function. C(x) = 20000 + 80x (Type an expression using x as the variable.) b. Write the revenue function. R(x) = 160x (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.) (1,1) More Enter your answer in the answer box and then click Check Answer.
Transcribed Image Text:A company that manufactures small canoes has a fixed cost of $20,000. It costs $80 to produce each canoe. The selling price is $160 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold.) a. Write the cost function. C(x) = 20000 + 80x (Type an expression using x as the variable.) b. Write the revenue function. R(x) = 160x (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.) (1,1) More Enter your answer in the answer box and then click Check Answer.
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