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A guitar factory has fixed production cost of $50,000 plus $75 for each guitar produced. Its cost of production function can be written as C ( x ) =...
I need help solving the following:
A guitar factory has fixed production cost of $50,000 plus $75 for each guitar produced. Its cost of production function can be written as C(x) = 75x + 50,000.
The company decides to sell each guitar for $325, so its revenue function can be written as R(x) =325x.
How many guitars must the company sell at $325 per guitar in order to "break even"?
I solved the problem but im not sure if my answer is correct