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To establish a driver education school, organizers must decide how many cars, instructors, and students to have. Costs are estimated as follows. Annual fixed costs to operate the school are $31,500. The annual cost per car is $3050. The cost per instructor is $14,050 and one instructor is needed for each car. Tuition for each student is $356. 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 5 cars and serves 358 students, will the school make a profit or a loss? The school will make a

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92338479

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