First you measure the volume then use multiplication
Answer:
<em>Since the profit is positive, Rebotar not only broke even, they had earnings.</em>
Step-by-step explanation:
<u>Function Modeling</u>
The costs, incomes, and profits of Rebotar Inc. can be modeled by means of the appropriate function according to known conditions of the market.
It's known their fixed costs are $3,450 and their variable costs are $12 per basketball produced and sold. Thus, the total cost of Rebotar is:
C(x) = 12x + 3,450
Where x is the number of basketballs sold.
It's also known each basketball is sold at $25, thus the revenue (income) function is:
R(x) = 25x
The profit function is the difference between the costs and revenue:
P(x) = 25x - (12x + 3,450)
Operating:
P(x) = 25x - 12x - 3,450
P(x) = 13x - 3,450
If x=300 basketballs are sold, the profits are:
P(300) = 13(300) - 3,450
P(300) = 3,900 - 3,450
P(300) = 450
Since the profit is positive, Rebotar not only broke even, they had earnings.
Answer:
7 markers cost $8.95
Step-by-step explanation:
9x = 11.50
x = 11.5/9 = 1.278
Therefore, 7 markers, or 7x = 7(1.278) = 8.946
