Solve the Problem. -A Small Company That Makes Hand-Sewn Leather Shoes Has Fixed

question 139

Multiple Choice

Solve the problem.
-A small company that makes hand-sewn leather shoes has fixed costs of $320 a day, and total costs of $1200 per day at an output of 20 pairs of shoes per day. Assume that total cost C is linearly related to output x. Find an
Equation of the line relating output to cost. Write the final answer in the form C = mx + b.

• A) C = 44x + 320
• B) C = 60x + 320
• C) C = 44x + 1520
• D) C = 60x + 1520

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Stock

Shares of ownership in a corporation, representing a claim on part of its assets and earnings.

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Individuals or entities that allocate capital with the expectation of receiving financial returns.

Income Statement

A financial report that outlines a company's revenues, expenses, and profits over a specific period, typically a quarter or year, to show its performance.

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The amount for which something can be sold on a given market.