Given the Cost Function, C(x), and the Revenue Function, R(x) $\begin{array} { l } C ( x ) = 121 x + 234,000 \\R ( x ) = 316 x\end{array}$

question 46

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.
- $\begin{array} { l } C ( x ) = 121 x + 234,000 \\R ( x ) = 316 x\end{array}$

• A) 458 units
• B) 1202 units
• C) 1200 units
• D) 1201 units

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Definitions:

Beta

A rephrasing: A statistical estimate of a security's sensitivity to market movements, used to gauge its risk in comparison to the broader market.

Treynor Measure

A performance metric for determining how well an investment compensates the investor for taking a given level of market risk.

Beta

A measure of a stock's volatility in relation to the overall market; a beta greater than 1 indicates higher volatility than the market, and less than 1 indicates lower.

Comparison Universe

A benchmark or group of benchmarks used to evaluate the performance of an investment or fund.