Max has learned a lot about pricing a product. First, he had to find the breakeven point of his product, which is the point where two linear functions intersect and, in marketing, represents the point where products neither make a profit nor incur a loss. He found the breakeven point by using the cost function and the revenue function of his lemonade.
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Learn how to use systems of linear equations with revenue and cost functions to find the breakeven point. Try it risk-free for 30 days. An error occurred trying to load this video. Try refreshing the page, or contact customer support. You must create an account to continue watching. Register to view this lesson Are you a student or a teacher?
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Solving and Graphing Absolute Value Inequalities: Cost Function in Calculus: Determine the Rate of Change of a Function. Holt McDougal Algebra 2: Common Core Math - Algebra: Cathryn Jackson Cat has taught a variety of subjects, including communications, mathematics, and technology. Businesses use breakeven points to determine price and sell products. Linear Models and Lemons Max wants to start his own lemonade stand.
Breakeven Point Max needs to find his breakeven point. Try it risk-free No obligation, cancel anytime. Want to learn more? Select a subject to preview related courses: Lesson Summary Max has learned a lot about pricing a product. Learning Outcomes When you are finished watching this lesson, you might: Define breakeven point and cost and revenue function Calculate the cost and revenue function and the breakeven point of a product.
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