Karen Sandberg, Your Competition in Suburban State U's T-Shirt Market $R = \$$

question 80

Short Answer

Karen Sandberg, your competition in Suburban State U's T-shirt market, has apparently been undercutting your prices and outperforming you in sales. Last week she sold 160 tie-dyed shirts for $10 each, 95 (low quality) crew shirts at $5 apiece, and 50 lacrosse T-shirts for $7 each.
​
Use matrix operations to calculate her total revenue for the week.
​ $R = \$$ __________

---

Definitions:

Time Clocks

Devices used by employers to record the number of hours worked by employees, ensuring accurate tracking of time for payroll purposes.

Incentive Conflict

A situation where parties have different, competing goals. In agency relationships, the different goals of principals and agents is an example of incentive conflict.

Agent

A person who acts on behalf of another individual (a principal). Principal–agent problems are created by the incentive conflict between principals and agents.

Principal

An individual who hires another (an agent) to act on his or her behalf.