WRITTEN HOMEWORK – LINEAR FUNCTIONS
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Linda decides to open a kiosk in the mall selling baseball hats. It costs her $2250 to stock 100 hats and $4280 to stock 600 hats. She decides to charge $12 for every hat that she sells.
1) What is the marginal cost for each hat?
2) What are Linda’s fixed costs to set up the kiosk?
3) Write the cost function.
4) Write the revenue function.
5) How many hats does Linda have to sell in order to break even?
6) Write the profit function.
