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Cost, Revenue & Profit For these problems, a will represent the number of items and y will represent the money. The fixed costs for a

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Cost, Revenue & Profit For these problems, a will represent the number of items and y will represent the money. The fixed costs for a certain item are $185 per week. The cost to produce each item is $7 per item. Using this information, what is the cost equation? Give your answer in slope-intercept form: y = 7x +5200 The retailer intends to sell each item for $11/item. Using this information, what is the revenue equation? Give your answer in slope-intercept form: y = 174x + 5200 - If in this week 52 items are made, and all items are sold in the week, what are the total costs to the retailer? Cost = $ What is the revenue from selling 52 items? Revenue = $ Finally, what is the profit for this retailer? Profit = $ Box 1 & 2: Enter your answer as an expression. Example: 3x 2+1, x/5, (a+b)/c Be sure your variables match those in the

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