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Assume you are making your product and trying to do it in the least costly way. As you are figuring out what you will need

Assume you are making your product and trying to do it in the least costly way. As you are figuring out what you will need you decide you will need 17 workers to make your product effectively. To get them to work you'll need to pay each of them $17.49. Before your workers can start they need Fabric. After some research you find you need 22 units of Fabric costing you $20.81? unit. Once you get the Fabric you need Needeling/sowing machines to help you get started which cost $30.74 for each of the 12 ur you need. Finally, as an entrepreneur you'll need to compensate yourself $27.1 for what amounts to 23 units of entrepreneurship skills. You can sell 81 units of your product for a price of $21.26? unit.
Based on the information above find the total revenue (TR), total cost (TC), and profits for your business. Please also select the correct option in the Profit/Loss dropdown and the Resources (moving) Toward/Away (from that industry) dropdown.
What is your total revenue?
What is your total cost?
Total Revenue =$
Total Cost =$
What are your profits/losses? Please fill out the textbox and use the dropdown menu.
Profit/Loss =$
Profit/Loss
Should resources move toward or away from the Retail industry?
Resources Toward/Away?
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