Problema Solution
A company's cost for producing x magazines is given by the equation y=x+300. The revenue for selling x magazines is given by the equation y=2x. The break-even point is the point at which the cost and revenue are the same. Find the ordered pair for the break-even point (solve the system of equations for x and y).
Answer provided by our tutors
solving the system of equations:
y = x + 300
y = 2x
we find:
x = 300 magazines
y = $600
click here to see the step by step solution of the system of equations:
the break-even point is (300, 600).