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

Question

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 $170 per week. The cost to produce each item is $6 per item.
Using this information, what is the cost equation? Give your answer in slope-intercept form:
6x + 170
y =
The retailer intends to sell each item for $21/item.
Using this information, what is the revenue equation? Give your answer in slope-intercept form:
21z
y=
If in this week 16 items are made, and all items are sold in the week, what are the total costs to the
retailer?
Cost = S 166
X
What is the revenue from selling 16 items?
Revenue S 336
=
Finally, what is the profit for this retailer?
Profit $ 170
=
X

Kunduz · Accepted Answer

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