QuestionA sandwich shop has a fixed cost of \C(x)$.
Studdy Solution
STEP 1
Assumptions1. The fixed weekly cost for the sandwich store is 0.553. The variable cost depends on the number of sandwiches made and sold each week, represented by
4. The cost function represents the total weekly cost for the sandwich store
STEP 2
The cost function is composed of two parts the fixed cost and the variable cost. The fixed cost is a constant, while the variable cost depends on the number of sandwiches made and sold each week (). We can write this as
STEP 3
Now, plug in the given values for the fixed cost and the variable cost to write the cost function.
This is the weekly cost function for the local sandwich store. The total cost increases by $0.55 for each additional roast beef sandwich made and sold in a week.
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