Cost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed costs are euro 60 including the rate he pays to the local council.How many tomato plants must he sell to break even?What kind of profit will he realize from selling 180 plants?Formulate P(x) function clearly and graph it. Values of its intersections with both axes must be clear.

Name: Cost of buying tomato plants are 20 cents each and a farmer sells them
Uploaded: 2022-05-24T13:26:03.000Z
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Description: Cost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed costs are euro 60 including the rate he pays to the local council.How many tomato plants must he sell to break even?What kind of profit will he realiz

Fixed cost = 69 euro Variable cost = 0.20 euro/plant sales price = 0.50 euro/plant

Answered: Cost of buying tomato plants are 20…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Cost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed costs are euro 60 including the rate he pays to the local council.

How many tomato plants must he sell to break even?
What kind of profit will he realize from selling 180 plants?
Formulate P(x) function clearly and graph it. Values of its intersections with both axes must be clear.

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