Suppose the Vector Gives the Numbers of Hamburgers, Chicken

question 49

Multiple Choice

Suppose the vector gives the numbers of hamburgers, chicken sandwiches, and cheeseburgers, respectively, sold at a fast-food restaurant in one week. The vector gives the prices (in dollars) per unit for the three food items. Determine the total revenue that the restaurant earned on its three products for that week. Round your answer to two decimal places.

• A) $12,296.28
• B) $12,321.28
• C) $24,557.56
• D) $12,278.28
• E) $24,555.56

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Definitions:

Decrease In Income

A reduction in the amount of money earned or received by an individual or household.

Consumer Purchases

Transactions made by individuals or households for goods and services for personal use.

Products

Tangible or intangible goods offered by businesses to consumers in exchange for payment.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices, illustrating consumer choice.