A small plant manufacturing riding mowers. The plant has fixed costs (leases, insurance, etc.) of $48,524 per day and variable costs (labor, materials, etc.) of $1,335 per mower produced. The mowers are sold for $2,083 each. The resulting cost and revenue equations are y=48,524+1,335?Cost equation?=2,083?Revenue equationwhere?xis the total number of mowers produced and sold each day. The daily costs and revenue are in dollars. How many mowers must be manufactured and sold each day for the company to break even?

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Answered: A small plant manufacturing riding…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

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A small plant manufacturing riding mowers. The plant has fixed costs (leases, insurance, etc.) of $48,524 per day and variable costs (labor, materials, etc.) of $1,335 per mower produced. The mowers are sold for $2,083 each. The resulting cost and revenue equations are

y= 48,524 + 1,335 ?	Cost equation
?= 2,083 ?	Revenue equation

where

is the total number of mowers produced and sold each day. The daily costs and revenue are in dollars.

How many mowers must be manufactured and sold each day for the company to break even?

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