3. A company makes fidget spinners. They have written formulas for their revenue, R, and their costs, C, based on the number of spinners they make and sell, S:R = 4.31SC = 423 + 1.87SDetermine their "break-even" point, where revenue and costs are equal4.A different company makes dice. They have written formulas for their revenue, R, and their costs, C, based on the number of dice they make and sell, D:R = 0.65DC = 432 + 0.19DDetermine their "break-even" point, where revenue and costs are equal.

Answered: 3. A company makes fidget spinners.…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3. A company makes fidget spinners. They have written formulas for their revenue, R, and their costs, C, based on the number of spinners they make and sell, S:

R = 4.31S

C = 423 + 1.87S

Determine their "break-even" point, where revenue and costs are equal

A different company makes dice. They have written formulas for their revenue, R, and their costs, C, based on the number of dice they make and sell, D:

R = 0.65D

C = 432 + 0.19D

Determine their "break-even" point, where revenue and costs are equal.

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Break-even is the balancing point where the economy neither has profit nor has a loss.

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