To produce a certain product, there is a fixed cost of $6256 and the variable cost per unit is $26. Products are sold at a price of $43 per each unit. Based on this information, answer the following questions. In the functions, use q as the variable.

To produce a certain product, there is a fixed cost of $6256 and the variable cost per unit is $26. Products are sold at a price of $43 per each unit. Based on this information, answer the following questions. In the functions, use q as the variable.

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section3.2: Solve Percent Applications

Problem 3.42TI: Hang borrowed $7,500 from her parents to pay her tuition. In 5 years, she paid them $1,500 interest...

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Question

To produce a certain product, there is a fixed cost of $6256 and the variable cost per unit is $26.
Products are sold at a price of $43 per each unit.
Based on this information, answer the following questions. In the functions, use q as the variable.

d)
Find the Break-Even Quantity:
Answer:
e)
Find the Break-Even Revenue:
Answer:

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