The Cost (In Dollars) of Manufacturing One Item Is Given

question 91

Multiple Choice

The cost (in dollars) of manufacturing one item is given by , where x is the cost of 1 hour of labor and y is the cost of 1 pound of material. If the hourly cost of labor is $5, and the material costs $2 per pound, what is the cost of manufacturing one of these items? ​

---

Definitions:

Currency Fluctuation

Refers to the variations in the value of one currency relative to another, which can impact international trade and investments.

Substitute Products

Goods and services that perform very similar functions and can be used in place of one another.

Recession

A period of economic decline across a significant portion of an economy, lasting for a few months or more.

Asian Americans

A diverse group of Americans of Asian descent, encompassing a variety of cultures, languages, and backgrounds.