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The Following Table Gives the Total Sales (Revenue)and Profits for 8

question 69

Essay

The following table gives the total sales (revenue)and profits for 8 retailers. $\begin{array} { l c c } \hline \text { Company } & \begin{array} { c } \text { Total Sales } \\\text { (Millions of \$) }\end{array} & \begin{array} { c } \text { Profits } \\\text { (Millions of \$) }\end{array} \\\hline \text { Adams } & 45.0 & 2.6 \\\text { Brown } & 15.0 & 0.8 \\\text { Clay } & 57.0 & 2.2 \\\text { Donner } & 9.5 & 0.5 \\\text { Esters } & 22.0 & 1.4 \\\text { Framer } & 35.0 & 1.8 \\\text { Gillies } & 64.0 & 3.0 \\\text { Hays } & 27.5 & 0.9 \\\hline\end{array}$
$The following table gives the total sales (revenue)and profits for 8 retailers. \begin{array} { l c c } \hline \text { Company } & \begin{array} { c } \text { Total Sales } \\ \text { (Millions of \$) } \end{array} & \begin{array} { c } \text { Profits } \\ \text { (Millions of \$) } \end{array} \\ \hline \text { Adams } & 45.0 & 2.6 \\ \text { Brown } & 15.0 & 0.8 \\ \text { Clay } & 57.0 & 2.2 \\ \text { Donner } & 9.5 & 0.5 \\ \text { Esters } & 22.0 & 1.4 \\ \text { Framer } & 35.0 & 1.8 \\ \text { Gillies } & 64.0 & 3.0 \\ \text { Hays } & 27.5 & 0.9 \\ \hline \end{array}$

Definitions:

Total Cost

The sum of fixed and variable costs incurred in producing a given level of output.

Computer Software

Programs and operating information used by a computer to perform specific tasks or functions.

Medallion

A distinctive badge or emblem typically made of metal, granted as a mark of honor or authenticity.

Opportunity Cost

The cost of foregone alternatives; the value of the best alternative that is not chosen in order to pursue a certain action.