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A novice inventor has invented an exciting new toy for dogs.

A novice inventor has invented an exciting new toy for dogs. He believes it will cost him $.95 per toy to produce these doggy marvels. Unfortunately, to get mass-producing these items, he has had to spend $6000 of his hard earned money and countless hours observing animals. He plans on selling the toys for $1.69 each.

a.) Find and equation for the total cost C, and the total revenue R for selling x units of the toy

b.) Find the number of these toys he must produce to break-even

Solution Preview

(a) Suppose the novice sells x unites of the toy. Each toy costs him $0.95. He has to spent ...

Solution Summary

This solution is comprised of a detailed explanation to

a.) Find and equation for the total cost C, and the total revenue R for selling x units of the toy

b.) Find the number of these toys he must produce to break-even

$2.19