Solve the Problem. -An Electronics Company Kept Comparative Statistics on Two Products, a Two

question 78

Multiple Choice

Solve the problem.
-An electronics company kept comparative statistics on two products, A and B. For the years 2003 to 2011, the total number of Product A ever sold (in thousands) is given by the equation y = 74x + 250, where x is the number of years since 2003. For that same period, the total number of Product B ever sold (in thousands) is given by the equation y = -30x + 434, where x is the number of years since 2003. Use the substitution method to solve the system and choose the statement that most accurately describes the solution.

• A) At some point between 2003 and 2011, the company had sold 1800 of each product.
• B) The company sold about 1.8 times as many of Product B as Product A.
• C) When 383,000 of Product A had been sold, 1.8 times as many of Product B had been sold.
• D) At about 1.8 years (to the nearest tenth) since 2003, the company sold the same number of Product A as Product B.

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Definitions:

Flexible Budget

A budget that adjusts or varies with changes in volume or activity, allowing for more accurate budgeting and control in dynamic environments.

Spending Variance

The difference between the actual amount spent and the budgeted amount, which can be either favorable or unfavorable.

Catering Supplies

Items and ingredients purchased and used in the operation of a catering service, encompassing food, beverages, and non-food items like utensils and napkins.

Spending Variance

The difference between the actual amount spent and the budgeted amount for any category of expenses over a specific period.