200 rides does it take to break even.
What are the many sorts of cost?
Fixed and variable costs are the two main categories of expenses incurred by enterprises. While variable costs fluctuate with output, fixed costs do not.
Sometimes, fixed costs are referred to as overhead costs. They must be paid whether a company produces 100 or 1,000 widgets.
The cost function is given by
C(x ) = 15x + 1000
It is also given that it costs $25 per ride.
so,
Revenue function for x number of rides be
R(x) = 20x
For break even:-
The cost must be equal to the Revenue i.,e
C(x) = R(x)
15x + 1000 = 20x
1000 = 20x - 15x
1000 = 5x
x = 1000/5
x = 200
Therefore, 200 rides does it take to break even.
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