Answered: To produce x units of t-shirts costs…

To produce x units of t-shirts costs C(x) = 7.50x + 1200. The revenue is R(x) = 16x. a) Find the break-even point b) How many t-shirts needs to be produced and sold in order to make a profit of $500?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

To produce x units of t-shirts costs C(x) = 7.50x + 1200. The revenue is R(x) = 16x.

a) Find the break-even point

b) How many t-shirts needs to be produced and sold in order to make a profit of $500?

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