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Save All Answers Save and Submit QUESTION 1 20 points Save Answer To establish a

ID: 3007133 • Letter: S

Question

Save All Answers Save and Submit QUESTION 1 20 points Save Answer To establish a driver education school, organizers must decide how many cars, instructors, and students to have. operate the school are S31,000·The annual cost per car is Sooo. The cost per instruct organizers must decide how many cars, instructors, and students to have. Costs are estimated as follows. Annual fixed costs to or is $14,000 and one instructor is needed for each car. Tuition for each student is $358. Let x be the number of cars and y be the number of students. a). Write an expression for total cost. The Total Cost expresson is: b). Write an expression for total revenue. The Total Revenue Expression is: c). Write an expression for total profit. The Total Profit expression is: d) if the school uses 4 cars and serves 3s0 students, will the school make a profit or a ls? the school will nake al the school make a profit or a loss? The school will make a

Explanation / Answer

Here total cost = total cost of x cars + total cost on x intstructors + total cost on y students.

So required total cost expression = 3000x + 14000x + 358y = 17000x + 358y

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Now total revenue is fixed operating cost here, so expression for total revenue = 31000

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and as total profit = total revenue - total cost

so total profit expression = 31000 - (17000x + 358y)

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Now as total cars x=4 and total students y= 350, then

total cost of operating them = 17000(3)) + 358 (350 ) = 51000 + 125300 = $ 176300

that is much more than $31000, so there is surely a LOSS here.

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