A food manufacturing company wants to hire an auditing firm to assess their food safety performance. Two auditing firms are considered: Firm A will charge 42$/hr and a flat fee of $4500, while Firm B will charge $50/hr with a flat fee of $3900. What is the break-even point in the number of required auditing hours that would yield equal value from both companies?
A food manufacturing company wants to hire an auditing firm to assess their food safety performance. Two auditing firms are considered: Firm A will charge 42$/hr and a flat fee of $4500, while Firm B will charge $50/hr with a flat fee of $3900. What is the break-even point in the number of required auditing hours that would yield equal value from both companies?
Chapter8: Sequences, Series,and Probability
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Problem 5CT: A custom-blend bird seed is made by mixing two types of bird seeds costing $0.75 per pound and $1.25...
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Transcribed Image Text:A food manufacturing company wants to hire an auditing firm to assess their food
safety performance. Two auditing firms are considered: Firm A will charge 42$/hr
and a flat fee of $4500, while Firm B will charge $50/hr with a flat fee of $3900.
What is the break-even point in the number of required auditing hours that would
yield equal value from both companies?
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