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Unit VII Assignment: Breaking Even

1.Briefly explain one item that you will be producing and selling in your store.

2.How much does the item cost you to produce? Consider the cost of materials and labor. Select an amount between $1 and $50. Round to the nearest dollar.

Cost per item produced =

$

3.How much will you sell the product for? Select an amount between $1 and $100. The sold price must be more than what it costs to produce the item. Round to the nearest dollar.

Price per unit sold =

$

4.Write the cost function, C(x), of producing x amount of items. Assume that you have a fixed cost $5,000. Replace the "?" with the appropriate numbers.

C(x) = ?+ (40)(x)

C(x) = ? + (?)(x)

5.Write the revenue function, R(x), from the sale of x items. Replace the "?" with the appropriate numbers.

R(x) = (price per item sold)(x)

R(x) = (?)(x)