Concept explainers
If a company produces and sells x units of a certain product, there will be a cost, C, of producing the product described by the equation
The revenue, R, is the amount of money that comes in from selling x units of the product and is described by the equation
The point where C and R are equal is called the break-even point, and it tells us the point at which the company starts to make a profit. Find the break-even point for the situations described in Exercises 59 and 60.
Manufacturing. The EarBudz Company is planning to manufacture a new line of high-end noise-reduction ear buds. Fixed costs will be
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