Cost, Revenue & Profit For these problems, z will represent the number of items
ID: 3135785 • Letter: C
Question
Cost, Revenue & Profit For these problems, z will represent the number of items and y will represent the money. The fixed costs for a certain item are $210 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: Preview The retailer intends to sell each item for $9/item. Using this information, what is the revenue equation? Give your answer in slope-intercept form: Preview If in this week 37 items are made, and all items are sold in the week, what are the total costs to the retail Cost= $ What is the revenue from selling 37 items? Revenue = $Explanation / Answer
1) cost function in slope intercept form
y = 2x + 210
revenue function
y = 9x
cost of 37 items
y = 2(37) + 210
cost = $ 284
revenue function
revenue = 9*37 = $ 333
profit = revenue - cost
= 333 - 284
= $ 49