Question

a company that manufactures small canoes has a fixed cost of $22,000. it costs $100 to produce each canoe. the selling price is $200 per canoe (in solving this exercise, let x represent the number of canoes produced and sold )
a. write the cost function.
c(x)=100x + 22000 (type an expression using x as the variable.)
b. write the revenue function.
r(x)=200x (type an expression using x as the variable.)
c. determine the break - even point.
(220,44000) (type an ordered pair. do not use commas in large numbers.)
this means that when the company produces and sells the break - even number of canoes
a. the money coming in equals the money going out
b. there is more money coming in than going out
c. there is less money coming in than going out
d. there is not enough information

Explanation:

Step1: Recall break - even concept

The break - even point is when revenue equals cost, i.e., $R(x)=C(x)$.

Step2: Interpret break - even meaning

At the break - even point, the total money received from selling products (revenue) is equal to the total money spent on producing them (cost).

Answer:

A. the money coming in equals the money going out