Question

Q. By considering the Particulous as mentioned:-
fixed cost-1.5 Lakh lo
Variable cost: 150 rs./ unit
selling price = 350 rs./unit
find; cost function, revenue function, profit function and break even point.​

Answer 1

750 units to be sold for Break even

Step-by-step explanation:

Let say X is the unit Produced

Then

Cost  = Fixed Cost + Variable Cost

=> Cost = 150000 + 150X

Revenue  = 350X   ( Unit Price * number of units sold)

Profit  = 350X - 150X  = 200X    ( Revenue - Cost )

Break even Point  

Revenue = Fixed Cost + variable Cost

350X =   150000 + 150X

=> 200X =  150000

=> X = 750

750 units to be sold for Break even

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Answer 2

Step-by-step explanation:

Since we have given that

Fixed cost = RS. 1.5 lakh

Variable cost = Rs. 150 per unit

Selling cost = Rs. 350 per unit

So, The cost function is given by

Fixed cost + Variable cost

$C(x)=1.5+150x$

Here, x is the number of units

Revenue function is given by

$R(x)=350x$

Profit function would be

R(x)-C(x)=$350x-(1.5+150x)=350x-1.5-150x=200x-1.5x$

Break even point would be

R(x) = C(x)

$350x=1.5+150x\\\\350x-150x=1.5\\\\200x=1.5\\\\x=\dfrac{150000}{200}\\\\x=750$

So, break even point is x = 750.

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https://brainly.in/question/2145720 Answered by Presentmoment

Topic : Economics