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A company that manufactures small canoes has a fixed cost of $18,000. It costs $20 to produce each canoe. The selling price is $80 per
A company that manufactures small canoes has a fixed cost of $18,000. It costs $20 to produce each canoe.
The selling price is $80 per canoe.
(a) Write the cost function, C.
(b) Write the revenue function, R.
(c) Determine the break-even point. Describe what this means.
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