Given the cost function C(x) = 0.81x + 60, 420 and the revenue function R(x) = 1.87x, find the break-even point
1 answer:
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
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