Question: 2 . You are a CEO! You are building a company centered around a cool design for a T - shirt. Step 1 The Design
You are a CEO!
You are building a company centered around a cool design for a Tshirt.
Step The Design production costs and selling price
Let's look at the production costs for the Tshirts. No matter how many Tshirts you produce, you pay the factory $ for electricity. Then, you pay $ per Tshirts to make it You want to sell the shirts for $ each. Write the equation for the production costs Pt
Write the equation for the selling revenue from the Tshirts, St
Step Diversification
Obviously, you cannot have a profitable company selling just Tshirts. So you decide to put your design on other products to increase the rentability of the whole project. In addition to Tshirts, you will sell mugs and keychains.
You can sell mugs for $ and they cost $ to make.
Keychains are cheap to make, they cost $ per keychain plus $ of fixed cost.
Keychains can be sold for $
Write the equations for the production costs and selling revenues of the mugs mathbfP mmathbfS m and the keychains mathbfP kmathbfS k
Step How much can you sell?
Realistically, it will be much easier to sell keychains on campus, so you expect to sell times the amount of Tshirts.
You figured out researchers drink a lot of coffee so you show up at every conference on campus and sell a large quantity of mugs: half the amount of keychains plus twice the amount of Tshirts.
Write the equations for the number of mugs mathbfN m and keychains mathbfN k
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