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October 19th, 2018, 09:59 AM   #1
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Cost, Revenue, & Breaking Point

Hello,

This is the first time I have had these types of problems, and I am kinda lost. If anyone could point me in the right direction with them it would be greatly appreciated. I attached pictures of the problems I am having trouble with.

I know how to find the cost function individually, but I am not sure how to do them both together with the breaking point.

Thanks!
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File Type: jpg Q1.jpg (15.6 KB, 7 views)
File Type: jpg Q2.jpg (14.9 KB, 4 views)
File Type: jpg Q3.jpg (10.7 KB, 1 views)
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October 19th, 2018, 10:19 AM   #2
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I assume the break even point is when

$C(x) = R(x)$

This reduces these three problems to pretty trivial algebra.

See if you can take it from here.
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