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Erin is buying floor tile to put in a room that is 10 ft by 15 ft. She has chosen tiles that are 18 in by 18 in. Assuming that she needs to buy 10% extra to be safe, how many tiles will she need to buy?
Show all of your work and give your answer in a complete sentence.
Fixed Costs
Expenses that do not change with changes in the level of production or sales, such as rent, salaries, and insurance premiums.
Marginal Cost
The expense incurred from manufacturing an extra unit of a product or service.
Average Cost
The total cost of production divided by the number of goods or services produced, often used to determine profitability.
Maximize Profit
The process or strategy by which a business attempts to achieve the highest possible profit from its operations, often by increasing revenue, reducing costs, or both.
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