Question
Cost, Revenue & Profit For these problems, will represent the number of items and y will represent the money. The fixed costs for a
Cost, Revenue & Profit For these problems, will represent the number of items and y will represent the money. The fixed costs for a certain item are $220 per week. The cost to produce each item is $15 per item. Using this information, what is the cost equation? Give your answer in slope-intercept form: y= The retailer intends to sell each item for $20/item. Using this information, what is the revenue equation? Give your answer in slope-intercept form: y= If in this week 49 items are made, and all items are sold in the week, what are the total costs to the retailer? Cost S = What is the revenue from selling 49 items? Revenue S = Finally, what is the profit for this retailer? Profit S = Box 1 & 2: Enter your answer as an expression. Example: 3x^2+1, x/5, (a+b)/c
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