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1 March, 15:03

Type the correct answer in each box. A music company is introducing a new line of acoustic guitars next quarter. These are the cost and revenue functions, where x represents the number of guitars to be manufactured and sold: R (x) = 120x C (x) = 100x + 1,840 The company needs to sell at least guitars for a total revenue of $ to start making a profit.

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  1. 1 March, 15:14
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    The company has to produce more than 92 guitars and sell them for making a profit.

    Step-by-step explanation:

    These are the cost and revenue functions, where x represents the number of guitars to be manufactured and sold: R (x) = 120x, and C (x) = 100x + 1840.

    Therefore, the condition for no loss-no gain for manufacturing x number of guitars is

    R (x) = C (x)

    ⇒ 120x = 100x + 1840

    ⇒ 20x = 1840

    ⇒ x = 92

    Therefore, the company has to produce more than 92 guitars and sell them for making a profit. (Answer)
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