Suppose Chip's Chips Produces Bags of Potato Chips That Sell

question 86

Multiple Choice

Suppose Chip's Chips produces bags of potato chips that sell for $3 a bag. If Chip's sells 12,000 bags and incurs total costs of $30,000, what is the company's profit?

• A)$6,000
• B)$42,000
• C)$36,000
• D)$18,000

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Definitions:

Organic Compound

Chemical compounds made primarily of carbon atoms in structures like chains or rings, often containing hydrogen and possibly oxygen, nitrogen, or other elements.

Absorptions

The process by which substances take in or soak up energy or material from their surroundings, often observed in spectroscopy.

IR Absorption

The process by which molecules absorb infrared light at frequencies characteristic of their structure, used in infrared spectroscopy.

Spike

A sharp increase or sudden upward movement, as in the context of graphs, prices, or signals.