The Figure Shows the Graphs of the Cost and Revenue

question 31

Multiple Choice

The figure shows the graphs of the cost and revenue functions for a company that manufactures and sells binoculars. Use
the information in the figure to answer the question.
-The company's cost for manufacturing x binoculars is determined by the equation y = x + 1500. The revenue for selling x binoculars is determined by the equation y = 3x. The break-even point is the point at which the cost
And revenue equations intersect. At the break-even point both cost and revenue are what?

• A)$750
• B)$2700
• C)$2250
• D)$1500

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Definitions:

Insurable Interest

An interest that would result in a loss on the occurrence of the event.

Insurance Policy

A contract between an insurer and policyholder specifying the claims the insurer is legally required to pay.

Co-insurance Clause

A provision in an insurance policy stating that the insurer and the insured will share losses covered by the policy in a specified ratio.

Fireproof

A property of material or construction that provides resistance to fire, preventing or delaying the spread of fire.