Research a local business to find out what you can about its profits and costs. After doing so, complete
the following tasks:
1. Write two linear functions—one to model a cost that the business has and the other to model the
revenue of the business
business chosed in a grocery store
T= fixed cost in terms of rent or utility bills
X= being the number of items sold
N= being the variable cost incurred on the units sold which is X
COST FUNCTION WILL BE
Cost function = fixed + variable costs
then the cost function becomes
REVENUE FUNCTION WILL BE
P=price per unit
R = Price per unit * number of units. R = P(x)
PROFIT FUNCTION WILL BE
Profit = Revenue - Cost
Profit= p(x)- C
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