A contractor purchases a piece of equipment for $36,500
Chapter 1, Problem 34(choose chapter or problem)
A contractor purchases a piece of equipment for $36,500 that costs an average of $9.25 per hour for fuel and maintenance. The equipment operator is paid $13.50 per hour, and customers are charged $30 per hour.
(a) Write an equation for the cost \(C\) of operating this equipment for \(t\) hours.
(b) Write an equation for the revenue \(R\) derived from \(t\) hours of use.
(c) Find the break-even point for this equipment by finding the time at which \(R=C\).
Text Transcription:
C
t
R
R = C
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