Posted by **jackie** on Wednesday, April 4, 2007 at 11:36am.

Business and finance. The cost of producing a number of items x is given by

C = mx + b, in which b is the fixed cost and m is the variable cost (the cost of producing one more item).

(a) If the fixed cost is $40 and the variable cost is $10, write the cost equation.

would the equation be

C=10x+40

(b) Graph the cost equation.

I am not sure what I am suppose to graph here

(c) The revenue generated from the sale of x items is given by R=50x. Graph the

revenue equation on the same set of axes as the cost equation.

I am also stuck here I feel like i have missed something while i am reading this question over and over please help

(d) How many items must be produced for the revenue to equal the cost (the

break-even point)?

a) yes

b) find any two points with your equation

e.g. let x = 0, then C=40

let x=10, then C = 140

Now plot (0,40) and (10,140) by using a suitable scale for your x and C axes.

c) since both C and R are in dollars you can use the same vertical axis

do the same as in b)

d) you want R = C, but you have expressions for both

so 50x = 10x + 40

solve, you should be able to do this in your head by just looking at that equation.

so on d i need to

50*1=10*1+40

50=50

then i need to put this in my graph

x=1

r=50

## Answer this Question

## Related Questions

- business and finance - The cost of producing a number of items x is given by C=...
- math,algebra,help - Problem states: Business and finance. The cost of producing ...
- math - I did the first part how would i graph it. Problem: Business and finance...
- algebra - The cost of producing a number of items x is given by C = mx + b, in ...
- algebra help - The cost of producing a number of items x is given by: C = mx + b...
- word problems in algebra - The cost of producing a number of items x is given by...
- Math - average rate problems(check + help) - The total cost, c, in dollars of ...
- math - * I posted this before, but I left out the equation, sorry. A company ...
- Business Math - Item price $8.00 Fixed cost $200 Variable costs 3x if x items ...
- Algebra - The cost of producing cell phones is represented as C=mx+b, where m is...

More Related Questions