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

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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