Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Q14. Regrind, Inc. regrinds used typewriter platens. The variable cost per platen is $1.90. The total cost to regrind 50 platens is $400. Find the
Q14. Regrind, Inc. regrinds used typewriter platens. The variable cost per platen is $1.90. The total cost to regrind 50 platens is $400. Find the linear cost function to regrind platens. If reground platens sell for $8.80 each, how many must be reground and sold to break even?
a. C(x) = 1.90x + 305; 45 platens
b. C(x) = 1.90x + 400; 38 platens
c. C(x) = 1.90x + 400; 58 platens
d. C(x) = 1.90x + 305; 29 platens
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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