Allina opens an exotic bakery. Her capacity for the month is eight hundred (800) Love Cherry Short cakes. On average, in a month, she pays a fixed amount for water, electricity, security and a loan of TTD100.00, TTD1,200.00, TTD2,700.00 and TTD4,000.00 respectively. In addition, she estimates that TTD50.00 more must be paid for each Love Cherry Short cake she makes and sells. If she sells one Love Cherry Short cake for TTD90.00. Identify and clearly state all variables used. Determine the following:
- Allina opens an exotic bakery. Her capacity for the month is eight hundred (800) Love Cherry Short cakes. On average, in a month, she pays a fixed amount for water, electricity, security and a loan of TTD100.00, TTD1,200.00, TTD2,700.00 and TTD4,000.00 respectively. In addition, she estimates that TTD50.00 more must be paid for each Love Cherry Short cake she makes and sells. If she sells one Love Cherry Short cake for TTD90.00. Identify and clearly state all variables used. Determine the following:
Allina’s total cost and revenue functions.
From part a) state the domain and range the total cost and revenue functions.
Allina’s total cost when she produces and sells one thousand Love Cherry Short cakes.
The value of the rational function of total cost and total revenue when no Love Cherry Short cakes are made and sold.
Answer the following based on the problem set above.
a. write a short reflective piece (NO MORE THAN 50 words per Problem Set written at the end of each Problem Set solution) detailing what you’ve learnt, understood and how this assignment demonstrated to you the importance and application of Mathematics to the field of Social Science.
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