A firm has fixed costs of $80,000 associated with the manufacture of lawn mowers that cost $200 per mower to produce. The firm sells all the mowers it produces at $300 each. Find the cost, revenue and profit equations. Find the break-even quantity. (Let x be the number of mowers.) C(x) = R(x) = P(x) = break even quantity mowers
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A firm has fixed costs of $80,000 associated with the manufacture of lawn mowers that cost $200 per mower to produce. The firm sells all the mowers it produces at $300 each. Find the cost, revenue and profit equations. Find the break-even quantity. (Let x be the number of mowers.)
C(x) =
R(x) =
P(x) =
break even quantity mowers
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