Answer: Exercises 61-64 describe a number of business ventures. For each exercise, a

Chapter 5, Problem 63

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Exercises 61-64 describe a number of business ventures. For each exercise, a. Write the cost function, C. b. Write the revenue function, R. c. Determine the break--even point. Describe whal this means. You invest in a new play. The cost includes an overhead or $30,000, plus production costs of $2500 per pe rfom1ance. A sold-out pe rfom1ance brings in $3125. (In solving this exercise., le t x represent the number of sold-out performances.)

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