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Cost, Revenue & ProfitFor these problems, will represent the number of items and y will...

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Basic Math

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Cost, Revenue & ProfitFor these problems, will represent the number of items and y will represent the money.The fixed costs for a certain item are $170 per week. The cost to produce each item is $6 per item.Using this information, what is the cost equation? Give your answer in slope-intercept form:6x + 170y =The retailer intends to sell each item for $21/item.Using this information, what is the revenue equation? Give your answer in slope-intercept form:21zy=If in this week 16 items are made, and all items are sold in the week, what are the total costs to theretailer?Cost = S 166XWhat is the revenue from selling 16 items?Revenue S 336=Finally, what is the profit for this retailer?Profit $ 170=X

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