<span>For the Oliver Company to break even, the total revenue must equal the sum of the variable costs and the fixed cost. Mathematically, this can be represented as:
Total revenue = 0.4*(Total revenue) + (Fixed Costs)
Let the number of units sold be x. then,
7*x = 0.4*(7*x) + 6300
Thus, x = 6300/(0.6*7) = 1500 units.
Thus the company will have to sell 1500 units to break even.</span>
Answer: 76%
Explanation: 55/72.00 x __/100= 5,500
5,500 divided by 72.00= 76.3888889
As you increase the subintervals the area will be closer and closer to the real value. In other words your approximation gets better.
As you increase the intervals, there will be more rectanagles and the added area of these rectangles are converging towards the actual area under the curve.
The vertex would be at (3, 6).
