Solved: Break-Even Analysis A contractor purchases a piece of equipment for $36,500 that
Chapter 1, Problem 28(choose chapter or problem)
Break-Even Analysis 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 of operating this equipment for hours. (b) Write an equation for the revenue derived from hours of use. (c) Find the break-even point for this equipment by finding the time at which R C.
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