A company that manufactures small canoes has a fixed cost of 18,000. It costs 100 to produce each canoe. The selling price is $400 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold.) C(x)=18,000+100x R(x)=400x What is the breakeven point?

Step 1: Understand the breakeven point. The breakeven point is when the total cost equals the total revenue. This means C(x) = R(x). Step 2: Set the given cost and revenue functions equal to each other. The cost function is C(x) = 18000 + 100x. The revenue function is R(x) = 400x. 18000 + 100x = 400x Step 3: Solve the equation for x. Subtract 100x from both sides of the equation: 18000 = 400x - 100x 18000 = 300x Step 4: Isolate x by dividing both sides by 300. x = (18000)/(300) x = 60 The breakeven point is when 60 canoes are produced and sold. 60 canoes 3 done, 2 left today. You're making progress.