Math Problem Statement
Find the break-even point for the firm whose cost function C and revenue function R are given. (Round your answers to the nearest whole number.) C(x) = 180x + 15,000; R(x) = 270x
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Algebra
Linear Equations
Break-Even Analysis
Formulas
Cost function: C(x) = 180x + 15,000
Revenue function: R(x) = 270x
Break-even point: C(x) = R(x)
Theorems
Linear equation solving
Suitable Grade Level
Grades 9-11
Related Recommendation
Break-even Quantity and Profit Function for Linear Cost and Revenue
Break-even Point and Production Decision for a New Product
Revenue and Cost Functions with Break-Even Point Calculation
Solving for Break-Even Points using Revenue and Cost Functions
Find the Break-Even Points for Revenue and Cost Functions