Assignment: Business ApplicationUSE THE SAME FORMAT ATTACHEDResearch a local business to find out what you can about its profits and costs.Answer the attachment Assigment completly and making the details of every step and calculus. Use the same Format.Write
two linear functionsone to model a cost that the business has and the
other to model the revenue of the business. The template for your model
might look something like:a. revenue = (amount made off each customer)(number of customers)b. cost = (cost created by each customer)(number of customers) + (some flat cost incurred )c. cost = some flat cost incurredGraph each of the functions you write in problem 1.Using
this information and the relationship between revenue, cost, and profit
from problems 1 and 2, find the linear relation that you would expect
to model profit.Discuss in 4-5 sentences how fair you think the prices paid by customers are. Use your functions to support your comments.Provide references for the business you researched. Record Web sites from which you gatheredinformation, people you talked to, and other data you used to complete the assignment.
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