Solve Problems Using Systems of Linear Equations

question 131

Multiple Choice

Solve Problems Using Systems of Linear Equations
-More than how many binoculars must be produced and sold for the company to have a profit gain?

• A) 750 binoculars
• B) 2250 binoculars
• C) 1500 binoculars
• D) 2700 binoculars

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Definitions:

Sales Volume

The total quantity of goods or services sold within a specific period, often used as an indicator of business performance.

Price Inelastic

A characteristic of goods or services whose demand does not significantly change with changes in price, indicating that consumers are relatively unresponsive to price adjustments.

Price Elastic

Describes a condition where the demand for a product or service changes significantly in response to a change in its price.

Price Volatile

describes a market condition where prices fluctuate unpredictably and often, which can affect buying and selling decisions.