Two word problems, need full explanations
Two word problems, need full explanations
Ann is responsible for ordering a week’s supply of meat and fish for the main dishes at a local restaurant. The fish costs twice as much as the meat. She needs to order 164 meat selections and 24 fish selections. Her budget is $4240. How much can Ann spend on each type of main dish?
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You saved up $15,000 to start a new business. This initial investment covered your rent, labor, and patents. The supplies for each product cost you $7.00, and you are selling each product at $18. (Let x represent the number of products produced and sold.)
For this business venture:
a. Write the cost function, C(x).
b. Write the revenue function, R(x).
c. Determine the break-even point. Describe what this means.
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