What is the maximum revenue and break-even points

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Reference no: EM132001328

Assume that a company has fixed costs of $8000, and it costs $220 to produce an item. The price function for the item is p(x)=200-x

1) What is the cost function?

2) What is the revenue function?

3) What is the maximum revenue?

4) What is the profit function?

5) What are the break-even points?

6) Sketch a graph of the cost and revenue functions on the same graph. Mark the break even points on the graph. (use the graph on the next page)

Reference no: EM132001328

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