Suppose the cost function associated with a product is C(x) = cx + F dollars and the revenue function is R(x) = sx,
where c denotes the unit cost of production, s the unit selling price, F the fixed cost incurred by the firm, and x the level of production and sales. Find the break-even quantity and the break-even revenue in terms of the constants c, s, and F.
i dont know how to solve it...
where c denotes the unit cost of production, s the unit selling price, F the fixed cost incurred by the firm, and x the level of production and sales. Find the break-even quantity and the break-even revenue in terms of the constants c, s, and F.
i dont know how to solve it...