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4. The cost and revenue function for a particular brand of bag are C(x) = 6x...

4. The cost and revenue function for a particular brand of bag are C(x) = 6x + 3 and R(x) = 19 – 2x. What is the break even point?

Please include the complete solution.
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Homework Answers

Answer #1

Break Even Point is when Total Cost = Total Revenue

Therefore C(x) = R(x),

Which means that (6x + 3 )= (19 - 2x)

Solving the equation

6x + 2x = 19 - 3

8x = 16

x = 2

Break Even Point can be 6x + 3 where x = 2 which equals to 15 or 19 - 2x where x = 2 which again equals to 15 as both equations are equal at the breakeven point.

Hence BreakEven Point is 15

In case of any query/clarification please leave a comment below, if the answer was helpful please leave a thumbs up, Thanks!

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