Quick Fix Inc. repairs bikes. Their revenue, in dollars, can be modeled by the equation y = 400 + 220x, where x is the number of

Question

3 years ago

5

Quick Fix Inc. repairs bikes. Their revenue, in dollars, can be modeled by the equation y = 400 + 220x, where x is the number of

hours spent repairing bikes. Their overhead cost, in dollars, can be modeled by the equation y=20x2+160 , where x is the number of hours spent repairing bikes.
After how many hours does the company break even?

Note: The phrase break even refers to the value where the two functions are equivalent.

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Mathematics

2 answers:

Alex17521 [72] · Answer 1 · 2022-09-25T10:28:08+03:00

Alex17521 [72]3 years ago

6 0

Answer:

12 hours

Step-by-step explanation:

Sholpan [36] · Answer 2 · 2022-09-25T08:34:24+03:00

The break even point is that where the total cost is equal to the total revenue. To determine the number of hours in which Quick Fix Inc. will have a breakeven, we have to equate the two equations and solve for the value of x,
400 + 220 x = 20x² + 160
The values of x from the equation are 12 and -1. Since, we do not have a negative for the number of hours, our answer is 12 hours.