SOLUTION: A small company keeps track of its monthly profit in relation to the number of workers they employ. Let x represent the number of employees, and let y represent the monthly profit

Question 109873This question is from textbook Beginning and Intermediate Algebra
: A small company keeps track of its monthly profit in relation to the number of workers they employ. Let x represent the number of employees, and let y represent the monthly profit where each unit in y represents $1,000 in profit. The following ordered pairs describe the profit:
(8,16), (10,21), (11,21), (15,9).
Interpret the meaning of the ordered pair (11,21).
* With 21 employees, the company makes a profit of $11,000.
* With 11 employees, the company makes a profit of $21.
* With 21 employees, the company makes a profit of $11.
* With 11 employees, the company makes a profit of $21,000. This question is from textbook Beginning and Intermediate Algebra

Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Since x represents the number of employees, the first number of (11,21) represents 11 employees (ie x=11). The second number y represents the profit in thousands of dollars, so the value y=21 represents 21,000. So the fourth choice is the answer.
RELATED QUESTIONS
A company has 160 employee. The number of part-time is 7:9 to the number of full-time.... (answered by mananth)

A company has determined that its weekly profit is a function of the number of items that (answered by Timnewman)

P(x) = 12x - 100 a. describe the meaning of the number -100 in the formula, in terms... (answered by mananth)

A catering business offers two sizes of baked ziti. Its small ziti dish uses 1 cup of... (answered by josmiceli)

A small business manufactures stickers. Past data indicates that the company's monthly... (answered by edjones)

I have a word problem and not sure how to set up the equation: A furniture company... (answered by ankor@dixie-net.com)

Company x plans to increase the work force by 20% to a total of 8460 employees. How many (answered by macston)

In Exercises 24 and 25, use the following information. There are 16 workers employed on... (answered by stanbon)

Lucy is a software saleswoman. Lucy's monthly salary is $1900 plus an additional $90 for... (answered by 303795)