1. E = -20,000p + 90,000
R = -2,170p2 + 87,000p

The equations of E and R are illustrations of cost and revenue functions

The equation of the break even point is -20,000p + 90,000 = -2,170p^2 + 87,000p

The cost and the revenue functions are given as:

E = -20,000p + 90,000

R = -2,170p^2 + 87,000p

At the break even point, we have:

E = R

Substitute known values

-20,000p + 90,000 = -2,170p^2 + 87,000p

Hence, the equation of the break even point is -20,000p + 90,000 = -2,170p^2 + 87,000p

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