Mathematics, 05.09.2020 17:01, janai9852

The average cost of an item is defined as the total cost to produce divided by the number produced. A shoe company that pays $240,000 in rent and employee salaries per year figures it also must pay $3.50 in materials per shoe set it produces Write the equation needed to solve the problem. Use the equation to find the number of shoe sets the company would need to produce for the average cost of each set to be $7.50. Work out the problem, show all of your steps, and provide explanations.

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The average cost of an item is defined as the total cost to produce divided by the number produced....