Suppose you have a company that produces and sells shoes: The cost of producing 6,000 pairs of
Question:
Suppose you have a company that produces and sells shoes:
The cost of producing 6,000 pairs of shoes is $81,500 and 16,000 pairs of shoes for $165,000. each pair produced can be sold for $21;
There is a website where your shoes can be viewed. The traffic on website is a variable amount, and each view view generates $0.005;
The employees are paid 15% of the profit function;
The director wants monthly deposits to save $5,000,000 at 5.10% in 30 years; and
Additional money is saved for your position for only the first month. You want to make $250,000 at 5.70% compounded continuously for 20 years.
Leading Question:
How would you represent the above situation?
Suppose in the first month, you sold 10,000 pairs of shoes, and half a million views on the website. What is the first month's outcome?
Basic Business Statistics Concepts and Applications
ISBN: 978-0132168380
12th edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel