Answered step by step
Verified Expert Solution
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!
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started