Break-Even Analysis A contractor purchases a piece of equipment for $36,500 that costs an average of $9.25

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Break-Even Analysis A contractor purchases a piece of equipment for $36,500 that costs an average of $9.25 per hour for fuel and maintenance. The equipment operator is paid $13.50 per hour, and customers are charged $30 per hour.

(a) Write an equation for the cost C of operating this equipment for t hours.

(b) Write an equation for the revenue R derived from t hours of use.

(c) Find the break-even point for this equipment by finding the
time at which R = C.

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Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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