Repeat Problem 61 with the cost and revenue equations
y = 65,000 +1,100x Cost equation
y = 1,600x Cost equation
Problem 61
Repeat Problem 61 with the cost and revenue equations
y = 65,000 + 1,100x Cost equation
y = 1,600x Revenue equation
(A) How many units must be manufactured and sold each day for the company to break even?
(B) Graph both equations in the same coordinate system and show the break-even point. Interpret the regions between the lines to the left and to the right of the break-even point.