Lakayla has a business selling t-shirts. She produced 500 t-shirts last month and sold 350 at a price of $15 each. Her variable cost is $5 per t-shirt and her fixed expenses totaled $300 for the month. All other things being equal, which of the following would have lessened Lakayla's profit?

variable cost decreases to $4 per t-shirt

quantity produced decreased to 450

Business Vocabulary

Authored by Jeffrey Kline

Mathematics

9th - 12th Grade

CCSS covered

Used 10+ times

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12 questions

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MULTIPLE CHOICE QUESTION

1 min • 1 pt

How do you find Revenue?

Expenses - Profit

Profit / Expenses

price * quantity sold

price + quantity sold

MULTIPLE SELECT QUESTION

1 min • 1 pt

Rita owns a business selling gift boxes of cookies. Which of the following two items are VARIABLE COSTS?

Ovens

Rent & Utilities

Packaging

Ingredients

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How do you find PROFIT?

Revenue - Expenses

price * quantity

Revenue + Expenses

price / quantity

Jonas has a business selling widgets.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Write Jonas' Expense Function. (Hint: E = Vq + F)

E = 8q + 400

E = 400q + 8

E = 8 + 400q

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Find Jonas' weekly total Expenses

$6250

$2400

$3850

$8450

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Find Jonas' weekly Revenue. (Hint: R = p * q)

$6250

$2400

$3850

$8450

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Find Jonas' weekly Profit (or loss)

gain of $6250

loss of $2400

gain of $3850

gain of $8450

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Business Vocabulary

How do you find Revenue?

Rita owns a business selling gift boxes of cookies. Which of the following two items are VARIABLE COSTS?

How do you find PROFIT?

Jonas has a business selling widgets.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Write Jonas' Expense Function. (Hint: E = Vq + F)

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Find Jonas' weekly total Expenses

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Find Jonas' weekly Revenue. (Hint: R = p * q)

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Find Jonas' weekly Profit (or loss)

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
All other things being equal, which of the following would make Jonas' Profit increase?

Lakayla has a business selling t-shirts.
She produced 500 t-shirts last month and sold 350 at a price of $15 each.
Her variable cost is $5 per t-shirt and her fixed expenses totaled $300 for the month.
Find Lakayla's total Expenses for last month

Lakayla has a business selling t-shirts.
She produced 500 t-shirts last month and sold 350 at a price of $15 each.
Her variable cost is $5 per t-shirt and her fixed expenses totaled $300 for the month.
Find Lakayla's Revenue for last month

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Mathematics

Business Vocabulary

How do you find Revenue?

Rita owns a business selling gift boxes of cookies. Which of the following two items are VARIABLE COSTS?

How do you find PROFIT?

Jonas has a business selling widgets.His variable cost is $8 per widget and his fixed expenses total $400 per week.Write Jonas' Expense Function. (Hint: E = Vq + F)

Jonas has a business selling widgets.He produces 250 widgets each week and sells all of them at a price of $25 per widget.His variable cost is $8 per widget and his fixed expenses total $400 per week.Find Jonas' weekly total Expenses

Jonas has a business selling widgets.He produces 250 widgets each week and sells all of them at a price of $25 per widget.His variable cost is $8 per widget and his fixed expenses total $400 per week.Find Jonas' weekly Revenue. (Hint: R = p * q)

Jonas has a business selling widgets.He produces 250 widgets each week and sells all of them at a price of $25 per widget.His variable cost is $8 per widget and his fixed expenses total $400 per week.Find Jonas' weekly Profit (or loss)

Jonas has a business selling widgets.He produces 250 widgets each week and sells all of them at a price of $25 per widget.His variable cost is $8 per widget and his fixed expenses total $400 per week.All other things being equal, which of the following would make Jonas' Profit increase?

Lakayla has a business selling t-shirts.She produced 500 t-shirts last month and sold 350 at a price of $15 each.Her variable cost is $5 per t-shirt and her fixed expenses totaled $300 for the month.Find Lakayla's total Expenses for last month

Lakayla has a business selling t-shirts.She produced 500 t-shirts last month and sold 350 at a price of $15 each.Her variable cost is $5 per t-shirt and her fixed expenses totaled $300 for the month.Find Lakayla's Revenue for last month

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Mathematics

Jonas has a business selling widgets.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Write Jonas' Expense Function. (Hint: E = Vq + F)

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Find Jonas' weekly total Expenses

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Find Jonas' weekly Revenue. (Hint: R = p * q)

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
Find Jonas' weekly Profit (or loss)

Jonas has a business selling widgets.
He produces 250 widgets each week and sells all of them at a price of $25 per widget.
His variable cost is $8 per widget and his fixed expenses total $400 per week.
All other things being equal, which of the following would make Jonas' Profit increase?

Lakayla has a business selling t-shirts.
She produced 500 t-shirts last month and sold 350 at a price of $15 each.
Her variable cost is $5 per t-shirt and her fixed expenses totaled $300 for the month.
Find Lakayla's total Expenses for last month

Lakayla has a business selling t-shirts.
She produced 500 t-shirts last month and sold 350 at a price of $15 each.
Her variable cost is $5 per t-shirt and her fixed expenses totaled $300 for the month.
Find Lakayla's Revenue for last month