The simplified expression would be 7a/3 - 5/4.
19 would be the first quartile.
Answer:
a. C(x) = 24,000 + 100x
b. R(x) = 200x
c. Break-even point is 240 canoes
Step-by-step explanation:
a. Cost function is C(x) = FC + pcost * x
C(x) = 24,000 + 100x
Where
FC=Fixed cost = 24,000
pcost=costs to prod canoes = $100
x=produce quantity
b.Revenue function
R(x) = Px * x
R(x) = 200x
Where
Px=Price
x=produce quantity
c. Break-even point is the amount of canoes where revenue are the same as cost. We cover the total cost with the sales.
So, FC + pcost * x=Px * x
24,000 + 100x=200x
Isolating x
24,000 =200x- 100x
100x=24000
x=24,000/100
x=240
Answer:
0.5289 to the nearest thousandth is 0.529.
Step-by-step explanation: If a number is less than 5, round down, but if a number is 5 or more, round up. The digit after the thousandths place is the digit we should look at to answer the question and it is 9, so we round up from 0.528 or 0.529. So, the answer is 0.529.
