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goblinko [34]
2 years ago
12

A baker rents space in a commercial kitchen for $210 per week. For each pie he bakes, he spends $4 on materials. He charges $7.5

0 per pie. The graph below shows the baker's costs and revenues for a week in which he sells p pies.
History
1 answer:
jarptica [38.1K]2 years ago
8 0

The total profit function for the baker, who rents a commercial space, is <u>$3.50p - $210</u>.

<h3>What is the profit function?</h3>

The profit function is a mathematical expression of the relationship between the baker's total profit based on his sales revenue from pie per week vis-a-vis his total costs.

The total profit function equals the total revenue minus the total costs.

The total costs are made up of variable and fixed costs.

<h3>Data and Calculations:</h3>

Fixed costs = $210 per week

Variable cost per unit = $4

Selling price per unit = $7.50

p = number of pies sold

Total profit function = ($7.50 - $4)p - $210

= $3.50p - $210

<h3>Question Completion?</h3>

What is the total profit function?

The total profit function for the baker, who rents a commercial space, is <u>$3.50p - $210</u>.

Learn more about profit function at brainly.com/question/4618859

#SPJ1

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