You Can Sell 80 Pet Chias Per Week If They

question 25

Multiple Choice

You can sell 80 pet chias per week if they are marked as $4 each, but only 30 per week if they are marked $5 per chia. Your chia supplier is prepared to sell you 20 chias per week if they are marked $4 per chia, and 70 per week if they are marked $5 per chia. Write the associated linear demand and supply functions.

• A) ,
• B) ,
• C) ,
• D) ,
• E) ,

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Definitions:

Unfavorable

A term used in budgeting and accounting to describe a financial condition or variance that is worse than expected or budgeted.

Revenue Variance

The difference between actual revenue earned and the budgeted or expected revenue.

Spending Variances

The difference between the actual amount of money spent and the budgeted amount for various cost items.

Refurbishment

The process of cleaning, decorating, and providing new equipment or facilities to make a building or item look new again.