Problem

The cost to produce x units of wire is C=45x+450, while the revenue is R=70x. Find all intervals where the product will t least break even.
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Answer

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Answer

Final Answer: The product will at least break even when x18.

Steps

Step 1 :Let's denote the number of units of wire produced and sold as 'x'.

Step 2 :The total cost of production C(x) is given by the equation C(x)=45x+450.

Step 3 :The revenue function R(x) is given by the equation R(x)=70x.

Step 4 :The break-even point is the point at which total cost equals total revenue, so we need to find the value of 'x' for which C(x)=R(x).

Step 5 :Setting the two equations equal to each other gives us the equation 45x+450=70x.

Step 6 :Subtracting 45x from both sides gives us 450=25x.

Step 7 :Dividing both sides by 25 gives us x=18.

Step 8 :Final Answer: The product will at least break even when x18.

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