Mathematics, 12.05.2020 09:57 jstadler06
Pearl’s Biking Company manufactures and sells bikes. Each bike costs £40 to make, and the company’s fixed costs are £5000. In addition, Pearl knows that the price of each bike comes from the price function P(x) = 300 – 2x where x is the total number of bikes manufactured and sold.
Question
1. By plotting the revenue and cost function, obtain the break-even output level and corresponding price.
Answers: 2
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Pearl’s Biking Company manufactures and sells bikes. Each bike costs £40 to make, and the company’s...
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