Calculus with Applications (10th Edition)

Published by Pearson
ISBN 10: 0321749006
ISBN 13: 978-0-32174-900-0

Chapter 1 - Linear Functions - 1.2 Linear Functions and Applications - 1.2 Exercises: 18

Answer

Please see "work step by step" for explanation.

Work Step by Step

Producing a commodity involves a cost of production , which is a function C(x), where x is the number of units produced. The reason for producing the commodity is to sell it at a unit price, generating revenue, which is a function R(x), of units sold. The break-even quantity is the number of units x for which the cost equals the revenue, which we find by solving C(x)=R(x) Breaking even means reaching the point where we are no longer at a loss, but have not yet generated any profit.
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