Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Joanne sells silk-screened T-shirts at community festivals and craft fairs. Her marginal cost to produce one T-shirt is $ 4.50 .$4.50. Her total cost to
Joanne sells silk-screened T-shirts at community festivals and craft fairs. Her marginal cost to produce one T-shirt is $ 4.50 .$4.50. Her total cost to produce 8080 T-shirts is$ 410 comma$410, and she sells them for $99 each.
a. Find the linear cost function for Joanne's T-shirt production.
b. How many T-shirts must she produce and sell in order to break even?
c. How many T-shirts must she produce and sell to make a profit of $500?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started