Minimum amount needed to produce to break even

J

James Smithson

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Nov 6, 2020
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Hello everyone.
. Stuck in another question..
It's to do with the minimum amount needed to break even


The model we have is as follows

Y=-7.501X^2 + 5.980X - 0.622

We are told Sarahs profits are y in thousands
And that x is yoghurt in thousands of liters.


I need to explain and work out the minimum amount needed to produce to break even

And I don't know where to begin...
I had this question once before and the teacher just put a big cross threw my answer and said I should be able to work it out by myself.
 
James Smithson said:
Hello everyone.
. Stuck in another question..
It's to do with the minimum amount needed to break even


The model we have is as follows

Y=-7.501X^2 + 5.980X - 0.622

We are told Sarahs profits are y in thousands
And that x is yoghurt in thousands of liters.


I need to explain and work out the minimum amount needed to produce to break even

And I don't know where to begin...
I had this question once before and the teacher just put a big cross threw my answer and said I should be able to work it out by myself.
Click to expand...
What is the "mathematical" definition of the break-even amount?
 
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