Cost, Revenue & Profit For these problems, x will represent the number of items and y will represent the money. The fixed costs for a certain item are $150 per week. The cost to produce each item is $2 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 $18/item. Using this information, what is the revenue equation? Give your answer in slope-intercept form: y = If in this week 13 items are made, and all items are sold in the week, what areythe total costs to the retailer? Cost = $ What is the revenue from selling 13 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. Question Help: D Video M Message instructor Submit Question
Cost, Revenue & Profit For these problems, x will represent the number of items and y will represent the money. The fixed costs for a certain item are $150 per week. The cost to produce each item is $2 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 $18/item. Using this information, what is the revenue equation? Give your answer in slope-intercept form: y = If in this week 13 items are made, and all items are sold in the week, what areythe total costs to the retailer? Cost = $ What is the revenue from selling 13 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. Question Help: D Video M Message instructor Submit Question
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
100%
Transcribed Image Text:Cost, Revenue & Profit
For these problems, x will represent the number of items and y will represent the money.
The fixed costs for a certain item are $150 per week. The cost to produce each item is $2 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 $18/item.
Using this information, what is the revenue equation? Give your answer in slope-intercept form:
y =
If in this week 13 items are made, and all items are sold in the week, what areythe total costs to the retailer?
Cost = $
What is the revenue from selling 13 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.
Question Help: D Video M Message instructor
Submit Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
