Answer:
a) where
b) where
c)
Step-by-step explanation:
Sale price of chocolates = $1.80 per chocolate
Fixed cost for the Chocolate Shoppe per week = $450
Cost to produce one chocolate = $0.60
Cost to produce chocolates = $0.60
a) Cost function to represent the total cost for the production of chocolates :
where
b) Revenue function to represent the revenue from the sale of chocolates:
where
c) Profit function to represent Charlie's profit from selling chocolates:
Profit is nothing but revenue minus sales.