Given the Cost Function, C(x), and the Revenue Function, R(x)

question 99

Multiple Choice

Given the cost function, C(x) , and the revenue function, R(x) , find the number of units x that must be sold to break even.
-A store sells tents, sleeping bags, and camp stools. A customer buys a tent, 4 sleeping bags, and 3 camp stools for $220. The price of the tent is 7 times the cost of a camp stool. The cost of a sleeping bag is $20 more than the
Cost of a camp stool. Find the cost of each item.

• A) $77 for a tent; $30 for a sleeping bag; $11 for a camp stool
• B) $70 for a tent; $35 for a sleeping bag; $15 for a camp stool
• C) $70 for a tent; $30 for a sleeping bag; $10 for a camp stool
• D) $70 for a tent; $30 for a sleeping bag; $11 for a camp stool

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Definitions:

Cognitive Dissonance Theory

A psychological theory suggesting that individuals experience discomfort when holding two or more conflicting beliefs, leading to an alteration in beliefs or behaviors to reduce discomfort.

Dissonance

A psychological conflict resulting from incongruent beliefs and attitudes held simultaneously, often leading to an alteration in one of the attitudes to reduce the conflict.

Align

To adjust or arrange something in a straight line, or to bring into cooperation or agreement with a particular group, standard, or belief.

Foot-in-the-door Technique

A persuasive tactic involving getting a person to agree to a small request as a precursor to making them more likely to agree to a larger request later.