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Writing a linear cost function equation
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Help me I don't know what is a cost function and how it is formulated? Can anyone tell me the basics of this function and method of formulating? I will highly appriciate...
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Suppose you have a lemonade stand, and when you charge $1 per cup of lemonade you sell 60 cups. But when you raise your price to $1.50 you only sell 30 cups. Write an equation for the number of cups you sell as a function of the price you charge. Denote "C" for number of cups, and "P" for the... View more questions Search
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