An insurance company claims that for x thousand policies, its monthly revenue in dollars is given...

Question

Question

An insurance company claims that for x thousand policies, its monthly revenue in dollars is given...

An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(c)=125x and its monthly cost in dollars is given by C(x) = 100x + 5000

1 Find the break-even point

2 Graph the revenue and cost equations on the same axes

3 From the graph, estimate the revenue and cost when x = 100 (100,000 policies)

math Statistics-And-Probability

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

C(x) = 100x + 5000

R(c)=125x

a)

break even point is

when

R(C) = C(X)

125x = 100x + 5000

x = 200

break even point = 200000 policies

b)

40000 35000 30000 25000 20000 - 15000 10000 100 140 180 220 260 300

red line is for R(C) and blue line is for C(X)

c) revenue = 125x = 125*100000 =$ 12500000

cost = 100x + 5000 = 100*100000 + 500 =$ 10005000

please revert for doubt...

Add a comment

Answer 2

Similar Homework Help Questions

An insurance company claims that for x thousand policies, its monthly revenue in dollars is given...

An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x)=250x and its monthly cost in dollars is given by C(x)=200x+20,000. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x=200. a. The break-even point is = . b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue...
3.3.33-BE Question Help An insurance company claims that for x thousand policies, its monthly revenue in...

3.3.33-BE Question Help An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 180x and its monthly cost in dollars is given by C(x) = 135x + 12,150. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x = 135. OO 56,700- 48,600 a. The break-even point is x= 40,5007 32,4001 24,3004 16,2007 8,100...
ework: Homework Sec3.3 :0 of 1 p Bus Econ 3.3.19 4 8 of 12 (5 HIN...

ework: Homework Sec3.3 :0 of 1 p Bus Econ 3.3.19 4 8 of 12 (5 HIN Score: 3333%. 4oft2pt ai Choone the comect orla for C vo Cao 0 77 73 56 GHK Math1170-81: Spring 2019 Business Math Homework: Homework Score: 0 of 1 pt Bus Econ 3.3.33 Sec3.3 9 of 12 (5 co An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) 160x and its monthly cost in dollars is...

(a) The total cost, in millions of dollars, of producing x thousand units of an item...

(a) The total cost, in millions of dollars, of producing x thousand units of an item is C(x) = 4(x - 5)2 + 4. Plot at least 2 points on the function C(x) with x on the horizontal axis. Then click Connect Points. Plot the vertex and 2 additional points. Vertex Point Connect Points Delete Reset Vertex 2 9.3, 20.9 (b) The revenue (in millions of dollars) from selling x thousand units of the item is R (X) = 5x....
Suppose the cost of producing x items is given by C(x)=1000-x^3, and the revenue made on the sale of x-items is R(x)=100x-10x^2

Suppose the cost of producing x items is given by C(x)=1000-x^3, and the revenue made on the sale of x-items is R(x)=100x-10x^2. Find the number of items which serves as a break-even point.
The point at which a company cost equals its revenue is its break even point. C...

The point at which a company cost equals its revenue is its break even point. C represents the cost, in dollars of of x units of a product abd R represents the revenue in dollars from the sale of x units. Find the number of units that must be produced and sold in order to break even. That is find the value of x for which C=R. C=13x+42,000 and R = 16x. How many units must be produced and sold...

The total revenue function for a product is given by R=655x dollars, and the total cost...

The total revenue function for a product is given by R=655x dollars, and the total cost function for this same product is given by C=19,250+70x+x2, where C is measured in dollars. For both functions, the input x is the number of units produced and sold. a. Form the profit function for this product from the two given functions. b. What is the profit when 25 units are produced and sold? c. What is the profit when 43 units are produced...
A company produces two types of solar panels per year: x thousand of type A and...

A company produces two types of solar panels per year: x thousand of type A and y thousand of type B. The revenue and cost equations, in millions of dollars, for the year are given as follows. R(x,y)=3x+5y C(x,y)=x^2− 4xy + 9y^2 + 7x - 43y - 9 Determine how many of each type of solar panel should be produced per year to maximize profit.
The revenue function R(x) and the cost function C(x) for a particular product are given. These...

The revenue function R(x) and the cost function C(x) for a particular product are given. These functions are valid only for the specified range of values. Find the number of units that must be produced to break even. R(x) = 200x - 2x2 ; C(x) = - x2 + 5x + 8450 ; 0 ≤ x ≤100 The manufacturer must produce --------------- units to break even.

The revenue function R(x) and the cost function C(x) for a particular product are given. These...

The revenue function R(x) and the cost function C(x) for a particular product are given. These functions are valid only for the specified range of values. Find the number of units that must be produced to break even. R(x)=200x- x2, C(x)=20x+6500, 0 less than or equals X less than or equals 100.The manufacturer must produce ---- units to break even.

An insurance company claims that for x thousand policies, its monthly revenue in dollars is given...

Homework Answers

Add Answer to:
An insurance company claims that for x thousand policies, its monthly revenue in dollars is given...

Post as a guest

Earn Coins