The point at which a company's profits equal zero is called the company's break-even point. Let R represent a company's revenue, let C represent the company's costs, and let x represent the number of units produced and sold each day. R(x) = 50x C(x) = 32.5x + 52,500 (a) Find the firm's break-even point; that is, find x so that R= C. (b) Find the values of x such that R(x) > C(x). This represents the number units that the company must sell to earn a profit. (a) x= (Type a whole number.) (b) Solve the inequality for x. Type the correct inequality symbol the first answer box below, and type an integer in the second answer box.

The point at which a company's profits equal zero is called the company's break-even point. Let R represent a company's revenue, let C represent the company's costs, and let x represent the number of units produced and sold each day. R(x) = 50x C(x) = 32.5x + 52,500 (a) Find the firm's break-even point; that is, find x so that R= C. (b) Find the values of x such that R(x) > C(x). This represents the number units that the company must sell to earn a profit. (a) x= (Type a whole number.) (b) Solve the inequality for x. Type the correct inequality symbol the first answer box below, and type an integer in the second answer box.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

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