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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