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Question

Giaro Boats manufactures a popular recreational vessel, the Revolution. To plan for expanded production and increased labor costs, the company carefully tracks current costs and income. The fixed cost to produce this boat is $\$ 108,000$ and the variable costs are $\$ 28,000$ per boat. If the Revolution sells for $\$ 40,000$, (a) find the profit function and (b) determine how many boats must be sold for the company to break even.

Solution

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Answered 1 year ago

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1 of 3The goal of this task is to find the profit function for producing $Revolution$ vessels and to find out how many boat must be sold for the company to break even.

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