Boxes of pens can be made for $1.80 per box. Fixed costs that do not depend on how many boxes are produced total $6,000 per production period. Each box of pens will eventually sell for $3.00 each. Use this information to determine the following: At what point do the Revenue and Cost lines intersect?
Added by Gina B.
Step 1
Variable cost per box = $1.80 Show more…
Show all steps
Close
Your feedback will help us improve your experience
Adi S and 54 other Algebra educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Boxes of pens can be made for $1.80 per box. Fixed costs that do not depend on how many boxes are produced total $6,000 per production period. Each box of pens will eventually sell for $3.00 each. Use this information to determine the following: Develop the linear equation for determining total costs. Develop the linear equation for determining total revenues. Develop the linear equation for determining total profits. How many boxes of pens need to be sold in order to break even? How many boxes need to be produced and sold so that total profits are $54,000? At what point do the revenue and cost lines intersect?
Adi S.
Pens are sold in a local store for 80 cents each. The factory has $1200 in fixed costs plus 5 cents of additional expense for each pen made. Assuming all pens manufactured can be sold, find the break-even point.
Emily P.
A company makes pens. They sell each pen for $9.00 Their revenue is represented by R = 9 x The cost to make the pens is $ 3.00 each with a one time start up cost of $ 4500 Their cost is represented by C = 3 x + 4500 a) Find the profit, P, (P = R - C) when the company sells 1000 pens. Choose the answer below -1500 13500 -9000 9000 1500 b) Find the number of pens they need to sell to break even (when R = C). Choose the answer below 500 750 850 1500
Maria D.
Recommended Textbooks
Elementary and Intermediate Algebra
Algebra and Trigonometry
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD