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One yard of ribbon cost 0.49 and 3 yards of ribbon cost 1.46 which has the lower unit price?
1 yard cost 0.49 so the unit cost is 0.49 per yard. 3 yards cost 1.46 so the unit cost is 1.46/3 = 0.4866.. per yard So the second has the lower unit price.
How do you find equilibrium price when given output and total cost?
The equilibrium price is the unit cost, which is the same as the total cost divided by the number of units produced (output).
What is another word for price per item?
Another word for price per item is "unit price." This term refers to the cost of a single unit of a product or service. Unit price is calculated by dividing the total cost by the quantity of items purchased, providing a standardized measure for comparing prices across different products or quantities.
What does 39 pencils for 9.75 cost per gross?
Cost of each pencil is: 9.75/39. Or, .25 each. A gross is 144 items. So, a gross of pencils would cost 36. Of course, a gross is a unit of quantity where there is often a discount from the single unit price. So a gross of pencils may have a price less than 144 times the single unit price.
What does unit price mean in math?
unit price means is when you want to find out how much an invendular thing cost ex.. 15 socks cost 5.50$ and you want to find out how much each cost you need to divid 15 by 15 and 15 and by 5.50$ and you get 2.27
