SOLUTION: A tiny food restaurant invests $4000 to create a new food that sells for ${{{ 3.50 }}}. Each item can be produced for ${{{ 2.15 }}}. Which system shows the cost and revenue functio
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Question 1077176: A tiny food restaurant invests $4000 to create a new food that sells for $. Each item can be produced for $. Which system shows the cost and revenue functions for items produced and sold?
C = ; R = 2.15x
C = ; R = 3.5x
C = ; R = 3.5x - 4000x
C = ; R = 3.5x Answer by jim_thompson5910(35256) (Show Source):
You can put this solution on YOUR website! The fixed cost is $4000. Add on 2.15x dollars for the x items sold (since each item costs the restaurant $2.15 to make). In total, the cost equation would be C = 2.15x + 4000
They turn around and sell the item for $3.50. So if x of them are sold, then they take in 3.50x dollars. That's why the revenue function is R = 3.5x
The final answer is choice B) C = 2.15x + 4000 ; R = 3.5x
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