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You are starting a part-time business. You make an initial investment of $3,000. The unit cost of the product is $6.70, and the selling price
You are starting a part-time business. You make an initial investment of $3,000. The unit cost of the product is $6.70, and the selling price is $12.95.
(a) Find equations for the total cost C (in dollars) for x units.
C(x) =?
(b) Find the break-even point (in units).
(c) How many units would yield a profit of $1,500?
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