For a company that manufactures thermostats, the combined cost for labor and material is $5 per thermostat. fixed costs (costs incurred in a given period, regardless of output) total cost equation is c 5x + 60,000. if the selling price of a thermostat is $7, then the revenue equation is r = 7x. how many thermostats must be sold for the company to earn a profit? be sure to show the inequality you setup and the process by which you solve it. include units on your answer. $60,000. so, the are

To earn a profit atlease 30,001 units of thermostats must be sold i.e not less than 30,000 thermostats

Step-by-step explanation:

Data provided:

The combined cost for labor and material = $5 per thermostat

Total cost equation, C = 5x + 60,000

where, x is the number of thermostats

selling price of a thermostat = $7

The revenue equation, R = 7x

Now,

For the company to earn a profit

Revenue should be greater than the cost incurred

mathematically,

R > C

or

7x > 5x + 60,000

or

2x > 60,000

or

x > 30,000

Hence,

To earn a profit atlease 30,001 units of thermostats must be sold i.e not less than 30,000 thermostats

answer: all of the odd numbers were opened

the first person was the one that was opening all of the lockers. since one is odd, this causes all of the odd number lockers to be opened in the end.

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