Problem:
A firm sells two products, one call slingers and the other called widgets.
The firm has a fixed cost of $50,000.00 per year. Each slinger costs $4 to produce but can be sold in the market for $9
What is the breakeven production of the firm in terms of Widgets and Slingers sold?
Each widget costs $11 to product, and has a market price of $20. 5 Slingers are sold for every 7 Widgets.
The production facility of the firm can produce any number of widgets and slingers required.