When receiving inventory, you should do which of the following?
1 answer:
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The answer is 18.33 thousand square feet.
The total revenue will be million times the number of thousands of square feet. Therefore the revenue function will be,
Now, profit is revenue minus the total costs. Therefore the profit function can be found by subtracting the cost function from the revenue function.
The break-even point is where the profit is zero, i.e., there is neither a profit nor a loss.
So to find the size of the school that is the break-even point we equate the profit function to zero and solve for . To break-even, the size of the school should be 18.33 thousand square feet.
What is Profit Function?
- Subtracting the cost function from the revenue function yields the profit function.
- As a result, in this question, we will start with the revenue function. The break-even point may be determined after the profit function is provided.
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