Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing
sasogeek
Group Title
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?
 2 years ago
 2 years ago
sasogeek Group Title
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?
 2 years ago
 2 years ago

This Question is Closed

sasogeek Group TitleBest ResponseYou've already chosen the best response.0
the 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?
 2 years ago

sasogeek Group TitleBest ResponseYou've already chosen the best response.0
break 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.
 2 years ago

sasogeek Group TitleBest ResponseYou've already chosen the best response.0
what 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?
 2 years ago

hartnn Group TitleBest ResponseYou've already chosen the best response.0
i 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 ??
 2 years ago

hartnn Group TitleBest ResponseYou've already chosen the best response.0
oh, this is economics...
 2 years ago

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

sasogeek Group TitleBest ResponseYou've already chosen the best response.0
linear programming i suppose...
 2 years ago

hartnn Group TitleBest ResponseYou've already chosen the best response.0
found 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
 2 years ago

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

sasogeek Group TitleBest ResponseYou've already chosen the best response.0
yeah 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
 2 years ago

hartnn Group TitleBest ResponseYou've already chosen the best response.0
1000+x20= revenue = 50 = selling price so maybe u can find x from here, but i am not sure
 2 years ago

hartnn Group TitleBest ResponseYou've already chosen the best response.0
2nd opinion needed
 2 years ago

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

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

sasogeek Group TitleBest ResponseYou've already chosen the best response.0
hmm, 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 :/
 2 years ago

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

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

hartnn Group TitleBest ResponseYou've already chosen the best response.0
though i didn't help much....
 2 years ago

sasogeek Group TitleBest ResponseYou've already chosen the best response.0
well you confirmed my work.. that's a lot xx
 2 years ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.