You invest in a new play. The cost includes an overhead of $17,500, plus production costs of $2500 per performance. A sold-out performance brings in $3125. (In solving this exercise, let x represent the number of sold-out performances.) a. Write the cost function, C. b. Write the revenue function, R. c. Determine the break-even point. Describe what this means.

Intermediate Algebra
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ISBN:9780998625720
Author:Lynn Marecek
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Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 158E: The manufacturer of an energy drink spends $1.20 to make each drink and sells them for $2. The...
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You invest in a new play. The cost includes an overhead of $17,500, plus production costs of $2500 per performance. A sold-out performance brings in
$3125. (In solving this exercise, let x represent the number of sold-out performances.)
a. Write the cost function, C.
b. Write the revenue function, R.
c. Determine the break-even point. Describe what this means.
Transcribed Image Text:You invest in a new play. The cost includes an overhead of $17,500, plus production costs of $2500 per performance. A sold-out performance brings in $3125. (In solving this exercise, let x represent the number of sold-out performances.) a. Write the cost function, C. b. Write the revenue function, R. c. Determine the break-even point. Describe what this means.
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