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The Vector u=3700,4600\mathbf { u } = \langle 3700,4600 \rangle Gives the Number of Units of Two Models of Laptops

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The vector u=3700,4600\mathbf { u } = \langle 3700,4600 \rangle gives the number of units of two models of laptops produced by a company. The vector v=1550,1150\mathbf { v } = \langle 1550,1150 \rangle gives the prices (in dollars) of the two models of laptops, respectively. Identify the vector operation used to increase revenue by 3%3 \% .


Definitions:

Manufacturing Companies

Businesses that produce goods from raw materials through the use of manual labor or machinery, often involving assembly processes.

Cost of Goods Manufactured

The total production cost of goods completed during an accounting period, including labor, material, and overhead costs.

Income Statement

A financial statement showing the company's revenues, expenses, and profits over a specific period.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.

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