Interactive practice questions
Match the graph to the correct statement:
The cost per unit is less than the revenue per unit.
There is no break even point for this venture.
The fixed cost for this venture is $\$0$$0.
Total revenue exceeds total cost after $5$5 units.
The fixed cost for this venture is $\$0$$0.
There is no break even point for this venture.
The cost of manufacturing car parts ($C$C) is related to the number of car parts produced ($n$n) by the formula $C=6000+4n$C=6000+4n. The revenue ($R$R) made from selling $n$n car parts is $R=8n-2000$R=8n−2000.
Consider the following phone plans:
GO SMALL plan: This plan has a $\$20$$20 monthly base charge and charges $90$90 cents per minute for all calls.
GO MEDIUM plan: This plan has a $\$26$$26 monthly base charge and then charges $70$70 cents per minute for all calls.
An electronics manufacturer has developed relationships to describe the cost of creating circuits and the income received from selling them. Cost is represented by the equation $C=80+2x$C=80+2x and income is represented by the equation $I=2.8x$I=2.8x, where $x$x represents the number of circuits.