Lesson: Investigating Profits
In this lesson, we will learn how to use functions and systems of equations to investigate the profits of a manufacturer.
Sample Question Videos
Worksheet: 6 Questions • 2 Videos
A stuffed animal business has a cost function of and a revenue function . First, find the break-even point. Then, calculate the corresponding revenue.
A guitar factory has a cost of production given by . If the company needs to break even after 150 units sold, at what price should they sell each guitar? Give your answer to the nearest dollar.
A musician charges , where is the total number of attendees at the concert. The venue charges $80 per ticket. After how many sold tickets does the venue break even, and what is the value of the total tickets sold at that point?