Use the following to answer the beekeeping questions below.
A math major turned hipster-beekeeper has determined that his profit is governed by the equation 5x - 40, where x represents the number of hives he sets up for the honey season.
-In the hipster-beekeeper's equation, 40 represents the:
A) variable cost.
B) fixed cost.
C) profit.
D) revenue.

Question

Quizplus · Accepted Answer

In the equation 5x - 40, 40 represents the fixed cost. This is because it is a constant value that does not change with the number of hives set up. It is subtracted from the revenue earned (5x) to calculate the profit.

Use the Following to Answer the Beekeeping Questions Below