Answer:
Explanation:
a. ± (x - $175,000) ≤ $20,000
When (x - $175,000) is positive then
(x - $175,000) ≤ $20,000
x ≤ $20,000 + $175,000
x ≤ 195,000
Which means that the maximum cost should not exceed $195,000.
When (x - $175,000) is negative then
-(x - $175,000) ≤ $20,000
x - $175,000 ≥ -$20,000
x ≥ -$20,000 + $175,000
x ≥ $155,000
Which means that the minimum cost should not be less than $155,000