Solve the Problem $C ( x )$ , and the Revenue Function

question 60

Multiple Choice

Solve the problem.
-Given the cost function, $C ( x )$ , and the revenue function, $R ( x )$ , find the dollar amount coming in and going out at the break-even point. Round to the nearest dollar if necessary.
$$\begin{array} { l } C ( x ) = 1.7 x + 700 \\R ( x ) = 2.7 x\end{array}$$

• A) \(\$ 700\)
• B) \(\$ 1890\)
• C) \(\$ 266\)
• D) \(\$ 430\)

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Definitions:

Maturity

Maturity is the time at which a financial instrument, such as a bond or loan, reaches its due date and must be repaid or redeemed.

Term to Maturity

The remaining time until a financial instrument's principal amount is due to be repaid.

Net Basis

A method of reporting income and expenses where they are netted against each other, showing only the net amount instead of reporting them separately.

Cash Receipts

Money received by a business, typically documented during the accounting period in which it is received.