Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15-17 with explanations. Please! my mistake for number 17. please do 15-16. 15. Toby's Tiny Toys have an expense equation of E = 12.45q +53,900.

15-17 with explanations. Please! image text in transcribed
my mistake for number 17. please do 15-16.
15. Toby's Tiny Toys have an expense equation of E = 12.45q +53,900. Toby's sell their toys for $16.50 a piece, and their revenue equation is R = 16.59. How many tiny toys do they have to sell to reach their breakeven point? 16. AAA Dance Shoes makes dancing shoes with leather soles. The shoes cost $29 to manufacturer. The fixed cost for the product line is $45,000. The company has determined their demand function to be q = -200p+ 30,000, where p is the price for each pair of shoes. Write the expense and revenue functions in terms of price. 17. Nancy works at a health club. She notices that the clients that run on the track for a longer period of time go a longer distance. If this is a causal relationship, explain the explanatory and response variable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Derivatives And Risk Management

Authors: Robert Brooks, Don M Chance, Roberts Brooks

8th Edition

0324601212, 9780324601213

More Books

Students also viewed these Finance questions

Question

Draw a picture consisting parts of monocot leaf

Answered: 1 week ago

Question

What information remains to be obtained?

Answered: 1 week ago

Question

How reliable is this existing information?

Answered: 1 week ago

Question

How appropriate would it be to conduct additional research?

Answered: 1 week ago