An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 250x and its monthly cost in dollars is given by C(x) = 200x+ 20,000. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x= 200. Next question 130,000- 120,000- 110,000- 100,000- 90,000- 80 000- 70,000- 60,000- 50.000- 40,000- 30 000- 20.000- a. The break-even point is x= 10.000- 100 200 300 400 500
An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 250x and its monthly cost in dollars is given by C(x) = 200x+ 20,000. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x= 200. Next question 130,000- 120,000- 110,000- 100,000- 90,000- 80 000- 70,000- 60,000- 50.000- 40,000- 30 000- 20.000- a. The break-even point is x= 10.000- 100 200 300 400 500
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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