The total cost function is C=500+15x and the total revenue function is R = 700+5x. Find the point at which there will be no profit, no loss i.e. break even point
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BY THE GIVEN DATA,
- C=500+15X
- R=700+5X
- C=R
SOLVING
- 500+15X=700+5X
- 500-700=5X-15X
- -200=-10X
- -200/-10=X
- 20=X
THE POINT AT WHICH THERE WILL BE NO PROFIT OR NO LOSS IS AT 20₹...
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