3) You open a hat stand in the mall with an initial start-up cost of $1500 plus 50 cents for every hat you stock your booth with. a) What is your cost function? The cost for producing 'x' items, C(x) = You decide to charge $5 for each hat. b) What is your revenue function? The revenue from selling 'x' items, R(x) = %3D c) What is your profit function? The profit from selling 'x' items, P(x) = %3D

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