Remember the form of a quadratic equation: ax2+bx+c
You will use: W=-.01×2+100x+c where (-.01×2+100x) represents the store’s variable costs and c is the store’s fixed costs.
So, W is the stores total monthly costs based on the number of items sold, x.
Think about what the variable and fixed costs might be for your fictitious storefront business – and be creative. Start by choosing a fixed cost, c, between $5,000 and $10,000, according to the following class chart:
If your last name starts with the letter Choose a fixed cost between
Your monthly cost is then, W = -.01×2+100x+c.
Substitute the c value chosen in the previous step to complete your unique equation predicting your monthly costs.
Next, choose two values of x (number of items sold) between 100 and 200. Again, try to choose different values from classmates.
Plug these values into your model for W and evaluate the monthly business costs given that sales volume
WHAT IS YOUR BUDGET? CHAT LIVE WITH OUR CREDIT CONTROLLER NOW AND GIVE US YOUR BUDGET AND WE WILL GIVE FAVORABLE RATES TO YOU!!!