The answer you seek is 5. Enjoy
a. Write the cost function:: C(x) = 100x + 100,000 where x is number of guitars
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b. Write the revenue function:: R(x) = 300x where x is number of guitars
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c. Find the profit function.
Profit = Revenue - Cost
P(x) = R(x) - C(x)
P(x) = [ R(x) ] - [ C(x) ]
P(x) = [ 300x ] - [ 100x+100,000 ]
P(x) = 300x - 100x-100,000
P(x) = 200x - 100,000
The break even point is when the profit is 0 dollars. You don't lose any money. And you don't gain any money.
Solve 125x - 100,000 = 0
125x = 100,000
x = 800 (# of guitars made and sold)
Answer to question 1:
When supply of a product goes up, the price of a product goes down and demand for the product can rise because it costs loss.
Answer to question 2:
Commercial banks play an important role in the financial system and the economy. ... They provide specialized financial services, which reduce the cost of obtaining information
Answer to question 3:
Government regulation affects the financial services industry in many ways, but the specific impact depends on the nature of the regulation. Increased regulation means a higher workload for people in financial services.
Answer to question 5:
Adam Smith because he was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment, also known as ''The Father of Economics''.
I'm gonna say C cause 0.004 is less than 0.07 and 0.32 is less than 0.6 cause 0.6 = 0.60....so ya the answer is C
