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x = Fixed Monthy y = Number of Units Sold C(x,y) = 48000x + 8y R(x,y) = 14y
@Hero I understand, but the graphing part is the one I'm having trouble with
Well, no, that wouldn't work out too well.
I think you have to make two separate charts for each: One for Cost and another for revenue
I mean, I have found out the cost, and revenue, plus the profit. I may need to revise my breakeven point. I have to make only one graph and put in two lines. One line which is the C(x) and the other line is the R(x)
And then superimpose them one on top of the other.
Yes, I know what you need.
It's just, I only got the Y-intercept= which is 48,000
It's the 8x and 14x I'm very confused about and I know they're in the X axis
I see what you did. The only thing is unless you're only doing it for one month, that may not work.
I'll have to look into it
Alright, take your time. I'll figure it out as well.
@Hero I found out that I did the breakeven point wrong.
Apparently for this, we're supposed to only assume one month of production
So if you wrote C(x) = 48,000 + 8x R(x) = 14x Then that was correct. The only thing is, you're going to need to sell a lot of units to break even the first month.
R(x) = C(x) 48000 + 8x = 14x
Yes. I wrote that. As I am looking to the answer, to check on the breakeven formula, there was 8000 units and $112,000, but I do not even know where those came from.
Always try algebraic solution first
Now you can graph, since you know what x is supposed to equal
Just make sure the graph matches your algebraic results
So we know we need to sell 6000 units to break even.
Right! I had to plug in 8000 to the x. Wow, I didn't even think of that.
It is 8000 units as included in the book.
Whoops... made an error. ugh
48000 = (14 - 8)x 48000 = 6x 48000/6 = x 8000 = x
Yes. And now I plug in to the X and solve it.
I have no idea why I typed something else before.
The question asked you to graph it, that's why. But you should still try to solve algebraically whenever possible.
Yes. I'm trying it out right now.
I plugged it in, and I got $112,000 as the breakeven.
Well, thanks a lot for the help. I really appreciate it. :)
They never mentioned it, but when you have something like this, you can only figure graph it for the first interval, which, in this case is one month. If you tried to do it for two months, the graph would no longer be linear.
Yes, that was confusing, it wasn't pretty clear to me what they wanted.
I was thrown off as well.
Yep. Spent at least an hour trying to figure this out before I came here for help.
Sorry I couldn't figure out sooner for you bro.
No, it's no problem at all. Thanks a lot though, really helped me out.