A small business can produce a maximum of 40 of its product per month and sell them for $11 each. The variable costs are $1 per unit and fixed costs are $250 per month.
A small business can produce a maximum of 40 of its product per month and sell them for $11 each. The variable costs are $1 per unit and fixed costs are $250 per month.
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Section4.3: Solve Mixture Applications With Systems Of Equations
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Transcribed Image Text:A small business can produce a maximum of 40 of its product per month and sell them for $11
each. The variable costs are $1 per unit and fixed costs are $250 per month.
a) Find the revenue function.
R(x) =
b) Find the cost function.
C(x) =
c) Calculate the number of items needed to be sold per month to break-even.
d) Calculate the revenue at the break-even (round off to the nearest cent).
$
e) Plot the revenue and cost functions.
500
400
300
Revenue/Cost($)
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