Find the break-even point for the firm whose cost function C and revenue function R are...

Question

Question

Find the break-even point for the firm whose cost function C and revenue function R are given.

C(x) = 90x + 20,000; R(x) = 240x

(x, y) =

Answer 1

Answer #1

Break even point occurs when Revenue=Cost

R(x)=C(x)

240x=90x+20000

240x-90x=20000

150x=20000

x=133.33

when x=133.33, C=R=>240*133.33=32000

Answer 2

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