A circle with a diameter of 10 inches has a circumference of a square, what is the length of each side of the square?
1 answer:
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the overhead, fixed costs, is $1000.
the variable cost is $200, so if she sells "x" tiles, then her costs is 200*x or 200x.
total costs then will just be C(x) = 200x + 1000.
namely both costs added together.
Revenue is just how much it's been taken in from the sales, since each tile is selling for $240, then the revenue is simply 240*x or just R(x) = 240x.
break even point is when those two guys equal each other
what if the cost for each tile were $220, 20 bucks more?
well, if the cost for each tile is $200, her break-even point is at 25 units, namely once she has sold 25 tiles, she's has lost nothing, has won nothing either, but hasn't lost anything.
if the cost is however $220 instead, her break-even point comes much later, at 50 units, so she'll have to sell more tiles in order to not have any losses, so she's worse off if the cost is more or course.
Answer:
$68.44 for each additional belt
Step-by-step explanation:
The cost and revenue functions are:
The profit function, P(x), is given by subtracting the cost function from the revenue function.
The derivate of the profit function gives us the rate at which profit changes:
For x = 484, the rate of change is:
Profit is increasing by $68.44 for each additional belt