Answer: 100 rides are needed to break even.
Step-by-step explanation:
We have given the cost function
C(x)=15x+2000 where x is the number of rides.
And rides cost 35$
⇒ revenue function would be 35 times x
i.e.R(x)=35 x , where x is the number of rides.
Break even point of a firm occurs when at a certain point x the total cost equals to the total revenue.
i.e. at break even point
total revenue=total cost
⇒35x=15x+2000
⇒35-15x=2000[subtract 15x from both sides]
⇒20x=2000 [simplify]
⇒x=2000/20[dividing both sides with 20]
⇒x=100
∴ 100 rides are needed to break even.
