You saved up $15,000 to start a new business. This initial investment
You saved up $15,000 to start a new business. This initial investment
covered your rent, labor, and patents. The supplies for each product cost you $7.00, and you are selling each product at $18. (Let x represent the number of products produced and sold.)
For this business venture:
a. Write the cost function, C(x).
b. Write the revenue function, R(x).
c. Determine the break-even point. Describe what this means.