Given the Cost Function, C(x), and the Revenue Function, R(x) $$\begin{array} { l } C ( x ) = 88 x + 2800 \\R ( x ) = 108 x\end{array}$$

question 22

Multiple Choice

Given the cost function, C(x) , and the revenue function, R(x) , find the number of units x that must be sold to break even.
- $$\begin{array} { l } C ( x ) = 88 x + 2800 \\R ( x ) = 108 x\end{array}$$

• A) 142 units
• B) 141 units
• C) 140 units
• D) 22 units

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Definitions:

Probability

The likelihood that a particular event will happen, often expressed as a fraction or percentage reflecting the ratio of the occurrences of an event to the total number of possible outcomes.

Meeting

A gathering of two or more people that is conducted for the purpose of achieving a common goal through verbal interaction, such as sharing information or reaching agreement.

Relative Frequency

The proportion of times a particular value or event occurs in relation to the total number of observations or trials.

Historical Data

Data collected from past events used to analyze trends, forecast future occurrences, or establish baselines in various fields like finance, meteorology, or scientific research.