Question
A company claims that for selling x thousand beanie babies the monthly revenue (in dollars) is given by: R(x)= 290x. The monthly cost function is C(x)=250x + 5,000. Find the break-even point. Put the answer in context of the problem.
(This is part of a question I forgot to add to a recent submission. Thank you!
(This is part of a question I forgot to add to a recent submission. Thank you!
Answers
The break even point is where the revenue equals the cost
290 x = 250 x + 5000
40 x = 5000
x = 125 so 125,000 beanie babies
290 x = 250 x + 5000
40 x = 5000
x = 125 so 125,000 beanie babies
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