Question
The fixed costs for a certain item are $165 per week. The cost to produce each item is $10 per item. Using this information, what
The fixed costs for a certain item are $165 per week. The cost to produce each item is $10 per item. Using this information, what is the cost equation? Give your answer in slope-intercept form: = The retailer intends to sell each item for $14/item. Using this information, what is the revenue equation? Give your answer in slope-intercept form: = If in this week 26 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 26 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 question.
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