The cost and revenue function of the company are as follows;
- cost function = 350x + 20000
- revenue function = 100x - 20000
<h3>How to find the cost and revenue function?</h3>
It costs them $350 to make each chair, plus fixed costs for operation of $20,000. Therefore,
let
x = number of chair
cost function = 350x + 20000
The company sells a chair for $450. Therefore,
revenue function = 450x - (350x + 20000)
revenue function = 450x - 350x - 20000
revenue function = 100x - 20000
learn more on cost and revenue here: brainly.com/question/14097232
#SPJ1
Answer:
1/2 a minute (30 seconds)
Step-by-step explanation:
475/50=9.5
450/50=9
9-9.5=.5
Year 1 =old price =$95
Year 2 = new price = $96.25
The inflation rate is the difference in price between two Given period :
Inflation rate :
(Change in price / old price) * 100%
((New price - old price) / old price) * 100%
((96.25 - 95) / 96) * 100%
= (1.25 / 95) * 100%
= 0.0131578 * 100%
= 1.315%
