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sasogeek
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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?
 one year ago
 one year 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?
 one year ago
 one year ago

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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?
 one year 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.
 one year 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?
 one year 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 ??
 one year ago

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

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

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

hartnn Group TitleBest ResponseYou've already chosen the best response.0
2nd opinion needed
 one year 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...
 one year 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....
 one year 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 :/
 one year ago

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

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

hartnn Group TitleBest ResponseYou've already chosen the best response.0
welcome ^_^
 one year ago

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

sasogeek Group TitleBest ResponseYou've already chosen the best response.0
well you confirmed my work.. that's a lot xx
 one year ago
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