What is the cost equation

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A bakery makes cakes. The bakery has daily fixed costs of $418 per day and variable costs of $7.30 per cake produced. Cakes are sold for $12.80 each.

(a) What is the cost equation?

(b) What is the revenue equation?

(c) How many cakes must be produced and sold each day for the bakery to break even? Show algebraic work to find the answer.

Reference no: EM13180310

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