You open a hat stand in the mall with an initial start-up cost of $1500 plus 50 cents for every hat | MathCelebrity Forum

You open a hat stand in the mall with an initial start-up cost of $1500 plus 50 cents for every hat

math_celebrity

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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?

Set up the cost function C(h) where h is the number of hats you stock:
C(h) = Cost per hat * h hats + Start Up Cost
C(h) = 0.5h + 1500
 
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