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An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 160x and its monthly cost in dollars is given by C(x) = 120x+9,600. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x = 120.

An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 160x and its monthly cost in dollars is given by C(x) = 120x+9,600. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x = 120.

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 160x and its monthly cost in dollars is given by C(x) = 120x+9,600. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x = 120.
Transcribed Image Text:An insurance company claims that for x thousand policies, its monthly revenue in dollars is given by R(x) = 160x and its monthly cost in dollars is given by C(x) = 120x+9,600. a. Find the break-even point. b. Graph the revenue and cost equations on the same axes. c. From the graph, estimate the revenue and cost when x = 120.
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