PRC-2 · Chapter 1 · Question 21 of 45
A company's revenue function is R = 60x and its cost function is C = 25x + 14,000. At what production level 'x' does the company break even?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) 400 units
Explanation
Break-even occurs when Revenue equals Cost. 60x = 25x + 14,000. Subtracting 25x leaves 35x = 14,000. Dividing by 35 gives x = 400 units.
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