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Answer:
0.5 of the number 8 would be 0.04.
Answer:
It takes 5 days to process an application.
Step-by-step explanation:
We have that number of requests per month would be equal 1600
Now, the applications in hand would be:
160 + 240 = 400
They tell us that everything must be in a number of 20 business days, therefore, the number of applications in one day would be:
1600/20 = 80
Which means that the time needed to finish an application is:
400/80 = 5 days
It takes 5 days to process an application.
2000 = x * y
y = 2000 / x
c = 0.3 * (2y + x) + 0.5x = 0.6y + 0.8x = 0.6 * 2000 / x + 0.8x = 1200/x + 0.8x
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
