For a company that manufactures thermostats, the combined cost for labor and material is $5 per thermostat. Fixed costs (costs incurred in a given period, regardless of output) total cost equation is C 5x + 60,000. If the selling price of a thermostat is $7, then the revenue equation is R = 7x. How many thermostats must be sold for the company to earn a profit? Be sure to show the inequality you setup and the process by which you solve it. Include units on your answer. $60,000. So, the are
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Home » Mathematics » For a company that manufactures thermostats, the combined cost for labor and material is $5 per thermostat. Fixed costs (costs incurred in a given period, regardless of output) total cost equation is C 5x + 60,000.