It costs People’s Place $0.20 for coffee beans per each cup of coffee, $0.10 per coffee cup, and $0.05 every time the coffee machine is used. The company also pays fixed costs of $700 for labor for each week, and $200 for rent and insurance on the coffee shop each week. The price of a cup of coffee is $1.25. What is the weekly cost function for People’s Place, in terms of x cups of coffee?
It costs People’s Place $0.20 for coffee beans per each cup of coffee, $0.10 per coffee cup, and $0.05 every time the coffee machine is used. The company also pays fixed costs of $700 for labor for each week, and $200 for rent and insurance on the coffee shop each week. The price of a cup of coffee is $1.25. What is the weekly cost function for People’s Place, in terms of x cups of coffee?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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It costs People’s Place $0.20 for coffee beans per each cup of coffee, $0.10 per coffee cup, and $0.05 every time the coffee machine is used. The company also pays fixed costs of $700 for labor for each week, and $200 for rent and insurance on the coffee shop each week. The price of a cup of coffee is $1.25.
What is the weekly cost function for People’s Place, in terms of x cups of coffee?
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