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Concept explainers
For Exercises 55-56, the fixed and variable costs to produce an item are given along with the price at which an item is sold. (Sec Example 6)
a. Write a linear cost function that represents the cost
b. Write a linear revenue function that represents the revenue
c. Write a linear profit function that represents the profit
d. Determine the break-even point.
Fixed cost: $2275
Variable cost per item: $34.50
Price at which the item is sold: $80.00
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Chapter 2 Solutions
College Algebra (Collegiate Math)
- Calculus For The Life SciencesCalculusISBN:9780321964038Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.Publisher:Pearson Addison Wesley,College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage
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