The general formula for the profit per unit of a product is definedas:
The Average Selling Price per unit minus the Average Production Cost per unit
Each book was sold at the same selling price. Did the average production cost decrease with the number of books produced?
(1) The production cost increased with the number of books produced, but the selling price of each book remained constant at $24.5.
(2) The profit per unit from the sales of the books increased with the number of books produced.
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The Average Selling Price per unit minus the Average Production Cost per unit
Each book was sold at the same selling price. Did the average production cost decrease with the number of books produced?
(1) The production cost increased with the number of books produced, but the selling price of each book remained constant at $24.5.
(2) The profit per unit from the sales of the books increased with the number of books produced.
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