The XYZ Company can sell 10,000 units of steel for $500,000. The cost of these units is $600,000. Th


Question: The XYZ Company can sell 10,000 units of steel for $500,000. The cost of these units is $600,000. The company can sell 25,000 units for $1,250,000 and these cost $1,050,000. Assuming there is a linear relationship between these variables:

a. Find the revenue, cost and profit functions.

b. Find the breakeven point and graph the revenue and cost functions for 0 ≤ X ≤ 30000.

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See Answer: The solution consists of 2 pages
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