Answer:
x = 57,542.8571
Step-by-step explanation:
C(x) = 0.81x + 60,420
R(x) = 1.87x
At break even point, Cost function and revenue function becomes equal.
-> C(x) = R(x)
-> 0.81x + 60,420 = 1.87x
-> 60420 = 1.87x - 0.82x
-> 60420 = 1.05x
-> x = 60420/1.05
-> x = 57,542.8571
Thus, at break even point x = 57,542.8571
Answer:68.27%
Step-by-step explanation:
TI84
2nd distr
normalcdf(89,97,93,4)
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