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4 July, 23:58

a company produces tables determines that its cost of producing and selling x tables is given by the function C (x) = 50x+3000. the company is going to sell the bats for $70 per bat. how many table must be sold for the firm to break even

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  1. 5 July, 00:45
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    Cost of producing and selling x tables is given by the function C (x) = 50x+3000

    x is the number of tables produced

    Each table is sold for $70

    So selling price of x tables S (x) = 70x

    Now we find the number of table must be sold for the firm to break even

    Break even occurs when selling price = cost price

    That is S (x) = C (x)

    70x = 50x + 3000

    Subtract 50x on both sides

    20x = 3000

    x = 150

    150 tables must be sold for the firm to break even
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