A small business can produce a maximum of 46 of its product per month and sell them for $7 each. The variable costs are $2 per unit and fixed costs are $175 per month. d) Calculate the revenue at the break-even (round off to the nearest cent). $ e) Plot the revenue and cost functions. 400 300 200 100 Revenue/Cost($) 5 10 15 20 25 30 35 40 Quantity 45 50

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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A small business can produce a maximum of 46 of its product per month and sell them for $7
each. The variable costs are $2 per unit and fixed costs are $175 per month.
d) Calculate the revenue at the break-even (round off to the nearest cent).
$
e) Plot the revenue and cost functions.
400
300
200
100
Revenue/Cost($)
5
10
15
20
25
30
35
40
Quantity
45
50
Transcribed Image Text:A small business can produce a maximum of 46 of its product per month and sell them for $7 each. The variable costs are $2 per unit and fixed costs are $175 per month. d) Calculate the revenue at the break-even (round off to the nearest cent). $ e) Plot the revenue and cost functions. 400 300 200 100 Revenue/Cost($) 5 10 15 20 25 30 35 40 Quantity 45 50
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