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The Revenue for Selling X Units of a Product Is R=30.75xR = 30.75 x

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The revenue for selling x units of a product is R=30.75xR = 30.75 x . The cost of producing x units is C=10.65x+50,000C = 10.65 x + 50,000 . For the producer to obtain a profit, the revenue must be larger than the cost. For what values of x will this product return a profit? Round your answer to the nearest whole unit.


Definitions:

Credit Sales

Credit sales are transactions where goods or services are provided to a customer with the agreement that payment will be made at a later date.

Finished Goods Inventory

Inventory of finished goods available for sale to consumers.

Required Production

The quantity of goods that must be produced during a particular time period to meet customer demand.

Direct Labor Cost

The expenses associated with paying the wages of workers directly involved in manufacturing goods or providing services.

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