Intermediate Algebra for College Students (7th Edition)

Published by Pearson
ISBN 10: 0-13417-894-7
ISBN 13: 978-0-13417-894-3

Chapter 3 - Section 3.2 - Problem Solving and Business Applications Using Systems of Equations - Exercise Set - Page 207: 60

Answer

$(44,4070)$ The graph is shown in the image file.

Work Step by Step

The given revenue function is $\Rightarrow R(x)=92.5x$ Let $R(x)=y$ $\Rightarrow y=92.5x$ Let $x=0$. $\Rightarrow y=92.5(0)$ $\Rightarrow y=0$ One point is $A=(0,0)$ Let $x=1$. $\Rightarrow y=92.5(1)$ $\Rightarrow y=92.5$ Second point is $B=(1,92.5)$ Now draw a straight line containing both points. The given cost function is $\Rightarrow C(x)=52x+1782$ Let $C(x)=y$ $\Rightarrow y=52x+1782$ Let $x=0$. $\Rightarrow y=52(0)+1782$ $\Rightarrow y=1782$ One point is $C=(0,1782)$ Let $x=1$. $\Rightarrow y=52(1)+1782$ $\Rightarrow y=52+1782$ $\Rightarrow y=1834$ Second point is $D=(1,1834)$ Now draw a straight line containing both points. The intersection point of both lines is the break even point. In the below graph the break even point is $(44,4070)$.
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