2. SCHOOL SPIRIT As president of Student Council, Brandy is getting T-shirts made for a pep rally. Each T-shirt costs $9.50, and there is a set-up fee of $75. The student council plans to sell the shirts, but each of the 15 council members will get one for free. a. Write a function for the average cost of a T-shirt to be sold. Graph the function. b. What is the average cost if 200 shirts are ordered? if 500 shirts are ordered? c. How many T-shirts must be ordered to bring the average cost under $9.75?

2. SCHOOL SPIRIT As president of Student Council, Brandy is getting T-shirts made for a pep rally. Each T-shirt costs $9.50, and there is a set-up fee of $75. The student council plans to sell the shirts, but each of the 15 council members will get one for free. a. Write a function for the average cost of a T-shirt to be sold. Graph the function. b. What is the average cost if 200 shirts are ordered? if 500 shirts are ordered? c. How many T-shirts must be ordered to bring the average cost under $9.75?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 25RQ: In choosing a production technology, how will firms react if one input becomes relatively more...

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Concept explainers

Explicit and Implicit Cost Analysis

The entire idea of the cost of production or production cost is applied corresponding or we can say that it is related to money cost. Money cost refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factors of production or factor services.

Question

12. SCHOOL SPIRIT As president of Student Council, Brandy is getting T-shirts made for a
pep rally. Each T-shirt costs $9.50, and there is a set-up fee of $75. The student council
plans to sell the shirts, but each of the 15 council members will get one for free.
a. Write a function for the average cost of a T-shirt to be sold. Graph the function.
b. What is the average cost if 200 shirts are ordered? if 500 shirts are ordered?
c. How many T-shirts must be ordered to bring the average cost under $9.75?

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