Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company that manufactures small canoes has a fixed cost of $24,000. It costs $40 to produce each canoe. The selling price is $80
A company that manufactures small canoes has a fixed cost of $24,000. It costs $40 to produce each canoe. The selling price is $80 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 OA. there is more money coming in than going out. OB. there is less money coming in than going out. OC. the money coming in equals the money going out. OD. there is not enough information.
Step by Step Solution
★★★★★
3.31 Rating (169 Votes )
There are 3 Steps involved in it
Step: 1
Answer Part A The fixed costs for the manufacturer 24000 and 40 to ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started