Solve the Problem $G ( x ) = 180 x + 47$

question 95

Multiple Choice

Solve the problem.
-Jacey, a commissioned salesperson, earns $180 base pay plus $47 per item sold. Express Jacey's gross salary G as a function of the number x of items sold.

• A) \(G ( x ) = 180 x + 47\)
• B) \(G ( x ) = 47 ( x + 180 )\)
• C) \(G ( x ) = 180 ( x + 47 )\)
• D) \(G ( x ) = 47 x + 180\)

Grasp the factors that affect price elasticity of demand, such as the availability of substitutes and whether a good is a luxury or a necessity.

Analyze the impact of price changes on demand elasticity using the midpoint method.

Apply concepts of elasticity to real-world scenarios involving commodities and services.

Understand the relationship between demand elasticity and total revenue.

---

Definitions:

Accounts Payable

Liabilities or money owed by a business to its suppliers or creditors for goods and services purchased on credit.

Accounts Receivable

The money owed to a business by its customers for goods or services delivered on credit but not yet paid for.

Balance Sheet Account

An account that appears on the balance sheet, representing a business's financial position at a specific moment, including assets, liabilities, and equity accounts.

Income Statement Account

An account found on the income statement, which includes revenues, expenses, gains, and losses, affecting the net income of a business.