The point at which a company’s costs equal
The point at which a company’s costs equal its
revenues is the break-even point. C represents the cost, in dollars, of x units of a product and R represents the revenue, in dollars, from the sale of x units. Find the number of units that must be produced and sold in order to break even. That is, find the value of x for which C=R.
C =12 x + 80,000 and R =17x
How many units must be produced and sold in order to break even?