A Manufacturer Sells Watches for $60 Per Unit

question 228

Multiple Choice

A manufacturer sells watches for $60 per unit. The fixed costs related to this product are $10,000 per month, and the variable costs are $40 per unit. Which of the following is the equation for the profit function where x denotes the number of watches produced and sold? ​

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Definitions:

Unconscionable

Refers to something not right or fair, often in a legal context to describe terms that are excessively unfair to one party.

Benefits

Various forms of value, such as medical insurance, retirement plans, or paid leave, provided to employees in addition to wages or salaries.

Agreement

A meeting of two or more minds in regard to the terms of a contract; usually broken down into two events—an offer by one party to form a contract, and an acceptance of the offer by the person to whom the offer is made.

Illegal Contract

A contract that is void and unenforceable from the outset because it involves activities that are against the law or public policy.