The revenue function for a school group selling n bookmarks is given by R(n) =2n and the total cost function is given by C(n)=144+0.08n. Determine the number of bookmarks sold at which they break-even.
Answer:
75 bookmarks
Step-by-step explanation:
The break-even point is the point at which revenue earned is equal to the cost of production.
Given the cost and revenue functions respectively:
R(n) =2n
C(n)=144+0.08n
Cost=Revenue
C(n)=R(n)
144+0.08n=2n
144=2n-0.08n
144=1.92n
Divide both sides by 1.92
n=75
When 75 bookmarks are sold, the school group will break even.
