The total monthly income of a daycare center for caring for x children is given by π = 450π₯, and its total monthly costs are π = 380π₯ + 7000. a. How many children need to enroll monthly to break even? (5 points) b. In other words, when do revenues equal costs?
Question
Answer:
a.) Break Even
r = c
450x=350x+7000
450x-350x=7000
100x=7000
x=70
b.)When x(the number of children) is equal to 70, the revenues equal the costs for the daycare center. This means that the daycare center needs to have 70 children in their care for the revenues to equal the costs.
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