Suppose That the Cost Function for Producing a Certain Item

question 23

Multiple Choice

Suppose that the cost function for producing a certain item is given by C ( n ) = 3 n + 4 where n represents the number of items produced. Find C (150) , C (570) , C (770) , C (1,580) .

• A) C (150) = 474, C (570) = 1,734, C (770) = 2,334, C (1,580) = 4,764
• B) C (150) = 464, C (570) = 1,724, C (770) = 2,324, C (1,580) = 4,754
• C) C (150) = 484, C (570) = 1,744, C (770) = 2,344, C (1,580) = 4,774
• D) C (150) = 454, C (570) = 1,714, C (770) = 2,314, C (1,580) = 4,744

Understand the concept of leverage (trading on equity) and its impact on shareholder returns.

Learn how to calculate and use inventory turnover ratio to assess a company's inventory management efficiency.

Master the calculation of earnings per share (EPS) and recognize its value in gauging company profitability.

Understand the use of profitability ratios (profit margin, return on assets) in assessing overall company performance.

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Definitions:

Exchange Rate

The cost of converting one currency into another currency.

£ Per US$

The exchange rate measuring how many British pounds one can exchange for a US dollar.

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A fraction simplified to its smallest possible denominator and numerator, with no common factors other than 1.

Fashion Retail Business

A commercial enterprise focused on the buying and selling of clothing, accessories, and beauty products to consumers, often involving trends analysis and inventory management.