Problema Solution
the cost and revenue for functions for producing and selling x units of a product are given. Cost and revenue are expressed in dollars
C (x)=21,070+14x
R (x)=28x
Find the number of units that must be produced and sold to break even.
Answer provided by our tutors
we need to find x such that C(x) = R(x) that is:
21,070+14x = 28x
by solving we find:
x = 1,505 units
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the number of units that must be produced and sold to break even is 1,505 units.