Problem

Work the following problem. (See Example.)An insurance company claims that for x thousand...

Work the following problem. (See Example.)

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

(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 = 100 (100,000 policies).

Example

Find the break-even point for the company in Example 6.

Step-by-Step Solution

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