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Sagot :
The total profit function for the baker, who rents a commercial space, is $3.50p - $210.
What is the profit function?
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.
Data and Calculations:
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
Question Completion?
What is the total profit function?
The total profit function for the baker, who rents a commercial space, is $3.50p - $210.
Learn more about profit function at https://brainly.com/question/4618859
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