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Soma has started her own company, Fancy Shawls, which manufactures woven shawls. She rents knitting equipment when necessary. The cost of using the equipment is
Soma has started her own company, Fancy Shawls, which manufactures woven shawls. She rents knitting equipment when necessary. The cost of using the equipment is $ The rent, electricity and other related costs is $ The production cost of one shawl is $ and Soma can sell these for $ each. Construct the model to find the revenue. Define input variables, output variables.
a If Soma sells shawls, what will her total revenue be
b What will her total variable cost be
c How many shirts must Soma sell to break even?
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