break-even or equilibrium point
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Give a real-world example of where a business would have a need to find a break-even or equilibrium point. Then discuss the differences if the information was given as an inequality versus an equation.
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The following is a real world example of where a buisness would require a break-even or equilibrium point:
Let us consider the following example of a hotel business:
Monthly fixed cost (loan payment, taxes, insurance, maintenance) $3000
Variable cost per occupied room per night $ 10
Revenue per occupied room per night $ 25
a. If there are 10 guest rooms available, can they break even?
b. What number of ...
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