jeremy and justine work for a company that receives $45 for each unit of output sold. the company has a variable cost of $25 per item and a fixed cost of $1600.
based on this information, jeremy and justine make some projections about potential profit.
• jeremy states that for every 100 units of output sold, the company will make $3,600 in profit.
• justine states that for every 300 units of output sold, the company will make $4,400 in profit.