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A company that manufactures small canoes has a fixed cost of $14,000. It costs $140 to produce each canoe. The selling price is $280 per
A company that manufactures small canoes has a fixed cost of $14,000. It costs $140 to produce each canoe. The selling price is $280 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold.) a. Write the cost function. C(x)= (Type an expression using x as the variable.) b. Write the revenue function. R(x)= (Type an expression using x as the variable.) c. Determine the break-even point. (Type an ordered pair. Do not use commas in large numbers.) This means that when the company produces and sells the break-even number of canoes () A. there is more money coming in than going out. () B. the money coming in equals the money going out. () C. there is less money coming in than going out. (O D. there is not enough information
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