Concept explainers
A vendor at a carnival sells cotton candy and caramel apples for $2.00 each. The vendor is charged $100 to set up his booth. Furthermore, the vendor's average cost for each product he produces is approximately $0.75.
a. Write a linear cost function representing the cost
(in $) to the vendor to produce x products.
b. Write a linear revenue function representing the revenue
(in $) for selling x products.
c. Determine the number of products to be produced and sold for the vendor to break even.
d. If 60 products are sold, will the vendor make money or lose money?
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