MATHEMATICS FOR ECONOMICS AND BUSINESS

a) Metro Jaya factory manufactures eraser products. Each unit of their eraser costs RM4 and the variable cost of producing one unit of eraser is 20% of the selling price per unit. The fixed cost is RM24,000. Calculate the break-even point for the company. b) Sketch a simple graph of equilibrium price and quantity where price(P) is on the y axis and quantity (x) is on the x-axis. Show the point of intersection of the supply and demand equation