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Visual estimate of the y-intercept

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Reference no: EM131874070

United Produce          Total Cost

           500                            $256,160

           1000                          $277,320

           1500                          $298,480

           2000                          $319,640

Selling Price $50

A. GRAPH THE DATA

B. What is your visual estimate of the y-intercept?

C. GRAPH C (X) on the data graph from part (a).

D. Find the equation for C(X).

E. What is the fixed cost and variable cost for this production?

F. Find the equations for R(x) and P(x).

G. What is the break-even point?

H. Graph P(x), R(x), and C(x) on the same set of axis. Graph and label the intersection point.

Reference no: EM131874070

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