Use the Graphical Method to Solve the Following Pair of Equations

question 73

Short Answer

Use the graphical method to solve the following pair of equations.
x + y = 4
2x - y = 8

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Definitions:

Break-even Chart

A graphical representation showing the relationship between total costs and total revenue at various levels of output, pinpointing where no profit or loss occurs.

Break-even Point

The point at which total cost and total revenue are equal, resulting in no net loss or gain for a business.

Unit Price

The cost of a single unit of product or measurement, allowing for easy price comparison between different sizes or quantities of the same item.

Unit Variable Cost

The expense incurred from manufacturing an extra unit of a product.