Question
The manager of a bicycle company has determined that the total cost in Namibian dollars, C (x), of producing a number of bicycles is
The manager of a bicycle company has determined that the total cost in Namibian dollars, C (x), of producing a number of bicycles is given by, C(x)= 90x+ 1800, while the revenue in Namibian dollars, R(x), from the sale of x number of bicycles is given by R(x)=150x. (i) What is the cost of manufacturing 14 bicycles in a day (3 marks) (ii) Find the break-even point (3 marks) (iii) Find the cost and revenue at break-even point
Step by Step Solution
3.45 Rating (171 Votes )
There are 3 Steps involved in it
Step: 1
i To find the cost of manufacturing 14 bicycles in a day we can simply subst...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 StartedRecommended Textbook for
Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App