Question

a.The Bread Alone Bakery has a daily overhead of $90. It costs $0.60 to bake each loaf of bread, and the bread sells for $1.50 per loaf.

a. Write an equation for the cost, C, in terms of the number of loaves, x.
C=

b. Write an equation for the revenue, R, in terms of the number of loaves, x. R=

Answer 1

C=.9x
90=.9x
/.9 /.9
x=150

R=1.5x - .9x
R=1.5(150) - .9(150)
R=225 - 90
R= 135

...but in my economics class, revenue is simply quantity sold times price sold for. In that case, total revenue would be $225

Answer 2

Whoops, a little error in math. I flipped the .6 to .9

Answer 3

C=.6x
90=.6x
/.6 /.6
x=150

R=1.5x - .6x
R=1.5(150) - .6(150)
R=225 - 90
R= 135

The math was actually right, just flipped the number when typing it up. Revenue will be $135 or $225 depending on definition of Revenue.

Makes sense?

Answer 4

YES11 THANK YOU:)

Answer 5

Just a thought, the overhead cost of $90 could be the rent or something or another... and not the cost of daily bread baking. The question is a unclear on that.

Hope that helps!