Last Month, a Bookstore Ran the Following Ad

question 16

Multiple Choice

Last month, a bookstore ran the following ad. Sales of $5,238 were generated, with 24 more graphing calculators sold than scientific calculators. How many of each type of calculator did the bookstore sell?

• A) 30 $18 calculators and 53 $87 calculators
• B) 29 $18 calculators and 53 $87 calculators
• C) 28 $18 calculators and 54 $87 calculators
• D) 30 $18 calculators and 54 $87 calculators
• E) 29 $18 calculators and 54 $87 calculators

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Definitions:

Total Revenue

The aggregate sum of funds a company acquires from selling products or offering services over a specified duration.

Inputs Prices

The cost or price of the raw materials, labor, and other resources that are used in the production process of goods or services.

Perfectly Competitive

A market structure characterized by a large number of small firms, homogenous products, perfect information, and no barriers to entry or exit, resulting in firms being price takers.

Variable Resources

denote inputs or factors of production that change in quantity with the level of output, such as labor and raw materials.