Applications of Solving Systems of Equations
(two variables.)
Names:
1. A bicycle manufacturer’s overhead cost runs $1200.00. It costs them $35 for
each bicycle they make, and they sell their bikes for $95.00. Find a cost function,
a revenue function, and the breakeven point.
2. A company is packaging mixed nuts. They mix peanuts together with Cashews.
The peanuts cost the company $1.00 per pound and the cashews cost $1.50 per
pound. They want to produce 50 pounds of a mixture that costs $1.12 per pound.
How many pounds of each type of nut should they mix together?