Linear equations and linear inequalities are very predominant in business, such as finding break-even and equilibrium points.
I need 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.© BrainMass Inc. brainmass.com March 4, 2021, 10:23 pm ad1c9bdddf
The following is a real world example of where a buisness would require a break-even orequilibrium point:
As part of their application for a loan to buy Lakeside Farm, a property they hope to develop as a bed-and-breakfast operation, the prospective owners have projected:
Monthly fixed cost (loan payment, taxes, insurance, maintenance) $6000
Variable cost per occupied room per night $ 20
Revenue per occupied room per night $ 75
a. If there are 12 guest rooms ...
A real world example of where a buisness would require a break-even or equilibrium point is revealed.