Given the Cost Function, C(x), and the Revenue Function, R(x)

question 27

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.
-A vendor sells hot dogs, bags of potato chips, and soft drinks. A customer buys 3 hot dogs, 3 bags of potato chips, and 3 soft drinks for $11.25. The price of a hot dog is $1.25 more than the price of a bag of potato chips.
The cost of a soft drink is $2.00 less than the price of two hot dogs. Find the cost of each item.

• A) $2.00 for a hot dog; $0.75 for a bag of potato chips; $1.50 for a soft drink
• B) $1.75 for a hot dog; $1.50 for a bag of potato chips; $0.50 for a soft drink
• C) $0.50 for a hot dog; $1.75 for a bag of potato chips; $1.50 for a soft drink
• D) $1.75 for a hot dog; $0.50 for a bag of potato chips; $1.50 for a soft drink

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Definitions:

Automatic Transfer

A banking service that automatically moves funds from one account to another at scheduled times or under specific conditions.

Adjusted Cash Balance

The cash amount shown on a company's books after adjustments have been made for checks outstanding, deposits in transit, and other discrepancies.

Check Register

A record kept by an individual or institution to track checks written, deposits made, and the current balance of a checking account.

Bank Statement

A document issued by a bank detailing transactions, balances, and other financial information for a specific account over a period.