A company that manufactures small canoes has a fixed cost of $24,000. 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) = 24000 + 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. (300, 48000) (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. O C. there is more money coming in than going out. O D. there is not enough information.
A company that manufactures small canoes has a fixed cost of $24,000. 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) = 24000 + 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. (300, 48000) (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. O C. there is more money coming in than going out. O D. there is not enough information.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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Transcribed Image Text:A company that manufactures small canoes has a fixed cost of $24,000. 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) = 24000 + 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.
(300, 48000) (Type an ordered pair. Do not use commas in large numbers.)
This means that when the company produces and sells the break-even number
canoes
O A. the money coming in equals the money going out.
O B. there is less money coming in than going out.
O C. there is more money coming
than going out.
O D. there is not enough information.
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