Josephine is opening a retail shoe store and has developed this graph to represent her projected revenue, costs, and profit. Whi
ch two
sentences correctly interpret the graph?
20.000
revenue
Dollars
costs
profits
50
Profits increase until the price of the shoes reaches $22.
Costs decrease until the price of the shoes reaches $22,
sentences correctly interpret the graph?
20.000
revenue
Dollars
costs
profits
50
Profits increase until the price of the shoes reaches $22.
Costs decrease until the price of the shoes reaches $22,
1 answer:
Answer:
Profits increase until the price of the shoes reaches $22.
There are more prices with positive revenues than positive profits.
Step-by-step explanation:
In the picture attached, the problem is shown.
The first sentence is true because the profit curve has a maximum at $22.
The second sentence is true because the profit is computed as follows:
profit = revenue - cost
and cost decreases as the price increase; therefore, there are positive revenues with negatives profits.
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Answer: Raymond is correct
The DJ charges $75 an hour.
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Explanation:
x = number of hours
y = total cost
The DJ does a 3-hour event for $275. This means one point is (x,y) = (3,275)
Another point is (5,425) because a 5-hour event costs $425.
Let's find the slope of the line through these two points.
The slope is 75, meaning that each time y goes up by 75, x goes up by 1.
Flipped around it means each time x goes up by 1, y goes up by 75.
This means each time we add on an extra hour, the cost goes up by $75.
The DJ charges $75 an hour. Raymond is correct.