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
If you are trying to figure out how much it will cost:
8 x 4 = 32
Cost of gas = $32
(A) The customer that owns a 3-kW system exports 120 kWh monthly to the grid will have the following bills for both companies:
For ZG&E that collects $3 per kWh on a monthly basis, the monthly bill will be

For Ready Edison that collects $0.06 per kWh exported energy monthly, the computation of bill will be

(B) The customer that owns a 5-kW system exports 300 kWh monthly to the grid will have the following bills for both companies:
For ZG&E that collects $3 per kWh on a monthly basis, the monthly bill will be

For Ready Edison that collects $0.06 per kWh exported energy monthly, the computation of bill will be