A company receives $72 for each unit of output sold. It has a variable cost of
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Answer: 14 1/8
Step-by-step explanation: To add mixed numbers, first add the fractions. In this case, we have two fractions and
and these fractions have unlike denominators. We need to find a common denominator for both of these fractions to be able to add.
<u>Least Common Denominator:</u>
=
=
12 4/8 + 1 5/8 = 13 9/8
Notice that 9/8 is an improper fraction so we can change it to a mixed number.
9/8 = 1 1/8
13 + 1 and 1/8 = 14 1/8