Question

Over the next 5 years, a company projects its continuous flow of revenue to be

Answer 1

Answer:

The Break Even point is the point at which the cost=revenue

 

14,980+20x=30x

14,980=10x

1,498=x

 

a. 1,498 units must be sold to break even. At $20 per unit, the dollar amount will be $29,960

 

b. The profit function is P(x)=R(x)-C(x)

So P(x)=30x-(14,980+20x)

If you want to solve for this equation just enter the value of x we found for the break even point to get the answer.