Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A pastry chefwants to bake and sell pies. Before they start production, they need to make sure they can make a profit with the materials

A pastry chefwants to bake and sell pies. Before they start production, they need to make sure they can make a profit with the materials and labor force they have.

Their accountant has given them a cost equation of and a revenue equationof y=0.5x+825 and a revenue equation of y=0.65x

How many pies will they need to sell in order to reach the break even point?

In order to reach the break-even point, they will need to sell $ worth in pies.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Transportation A Global Supply Chain Perspective

Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard

8th edition

9781305445352, 1133592961, 130544535X, 978-1133592969

More Books

Students also viewed these Mathematics questions

Question

3.6. pg29

Answered: 1 week ago