An organization providing cell phone cases with their logo on it can give away 160 cases...
An organization providing cell phone cases with their logo on it can give away 160 cases in a day. If it charges two dollars per case it can sell 42 cases. The cases cost the organization $.50 each and there are $75 in associated daily fixed costs. Express daily cost for the cases as a function of unit price p.
Homework Answers
Daily Cost for the cases as a function of unit price p:
p = v + f
p = (160 cases * $0.50 per case) + $75
p = $80 + $75
p = $155
Hence, the daily cost for the cases is $155.
Where...
p = Price
v = Variable Cost
f = Fixed Cost
Note: Profit can't be included in the function of price because the requirement is to calculate the daily cost.
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