This graph is if we are spending too much on education.
During most of last class, we were working on making an invention for our classmates to buy. In the process of making the invention, we had to keep in mind the group we were selling to. We were selling to teenage students. We decided on making something students could use in school. We combined a scissor and pen to make, ‘double take’.
Cost of production: Our total cost of production was 580yen.
Loss: We lost 16oyen because our total cost was 580yen and we only made 420yen.
Profit: We made 420yen.
Total revenue: Our total income was 420yen.
Factors of production: