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sasogeek
 3 years ago
11. Airborn travel and tours arrange trips and have a fixed cost of $1,000 per week. Their variable cost per trip can be represented by the function VC = X – 20 where X is the number of trips arranged. The price of a trip is $50. What is the breakeven number of trips per week for this company?
sasogeek
 3 years ago
11. Airborn travel and tours arrange trips and have a fixed cost of $1,000 per week. Their variable cost per trip can be represented by the function VC = X – 20 where X is the number of trips arranged. The price of a trip is $50. What is the breakeven number of trips per week for this company?

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sasogeek
 3 years ago
Best ResponseYou've already chosen the best response.0the variable cost turns out to be a function of number of trips which varies per week, obviously... how do i determine the value of X and hence, solve the problem?

sasogeek
 3 years ago
Best ResponseYou've already chosen the best response.0break even = fixed cost / (selling price  variable cost) break even = 1000 / (50x+20) break even = 1000/70x hence depending on the number of trips they have, they're break even point will either increase or decrease.

sasogeek
 3 years ago
Best ResponseYou've already chosen the best response.0what do you think? can i leave my answer in terms of x or there's a value for x i'm not seeing? OR i could assume a value for x?

hartnn
 3 years ago
Best ResponseYou've already chosen the best response.0i have not seen such question before, you have used all the given information , so i think the answer will be in terms of X, is this calculus, in any way ??

hartnn
 3 years ago
Best ResponseYou've already chosen the best response.0oh, this is economics...

sasogeek
 3 years ago
Best ResponseYou've already chosen the best response.0not calculus, but it was an assignment by our computational math lecturer... :/

sasogeek
 3 years ago
Best ResponseYou've already chosen the best response.0linear programming i suppose...

hartnn
 3 years ago
Best ResponseYou've already chosen the best response.0found this in wiki, 'he breakeven point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even.' donno whether it helps

hartnn
 3 years ago
Best ResponseYou've already chosen the best response.0so can u find profit and loss ? then equate them, maybe u get an equation in X which you can solve

sasogeek
 3 years ago
Best ResponseYou've already chosen the best response.0yeah i know what the break even point is, i just dunno about this question cos it says x is the number of trips a week but there's no clues as to how to determine x... unless maybe i work at that company lol :P

hartnn
 3 years ago
Best ResponseYou've already chosen the best response.01000+x20= revenue = 50 = selling price so maybe u can find x from here, but i am not sure

sasogeek
 3 years ago
Best ResponseYou've already chosen the best response.0hmmm, well finding x means x will now seize to be a variable...

hartnn
 3 years ago
Best ResponseYou've already chosen the best response.0maybe for 1 break even point, there is one X, which we can find from the equation i wrote....

sasogeek
 3 years ago
Best ResponseYou've already chosen the best response.0hmm, well that makes sense, so then the break even point is dependent on X... I guess I'll leave the answer in terms of X :/

hartnn
 3 years ago
Best ResponseYou've already chosen the best response.0yeah, that was my first call, leave answer in X only....

sasogeek
 3 years ago
Best ResponseYou've already chosen the best response.0ok thanks hartnn :) <3

hartnn
 3 years ago
Best ResponseYou've already chosen the best response.0though i didn't help much....

sasogeek
 3 years ago
Best ResponseYou've already chosen the best response.0well you confirmed my work.. that's a lot xx
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