Achieving a profit objective
Problem: A potato vendor charges $4.90 per spud sold.The stall has a Fixed cost of $500 per week. The variable cost of each potato sold is $1.50.
How may potatoes must the stall sell in order to achieve a profit objective of $750 per week ?
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Conduct literature and internet research of sole proprietorships, partnerships, and corporations. Discuss the three business forms in terms of how they are formed, managed, and how they operate as business entities.
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The weight of a randomly chosen American passenger car is a uniformly distributed random variable ranging from 2,500 pounds to 4,500 pounds. (a) What is the mean weight of a randomly chosen vehicle?
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