Tuesday, January 28, 2014

Chapter 7 Review

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Chapter 7 was filled with lots of different concepts including old and new. From elimination am substitution, to linear programming. Another thing we learned that was somewhat new but also old was breakeven. There's a possibility this was done in Algebra 2, but all it involves is substitution, which was definitely from algebra. Break even is used to find the point at which a business' cost and revenue are the same. In order to find this, you must use two equations.

Total revenue= (price per unit)(# of units sold)
Total cost = (cost per unit)(# of units sold) + initial cost

Here's an example:

Sorry this i late, but I'm battling illnesses.

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