Answered step by step
Verified Expert Solution
Link Copied!

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

image

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 ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones of Managerial Accounting

Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman

2nd Canadian edition

978-0176721237, 978-0176530884

More Books

Students also viewed these Mathematics questions

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago