Yes. The pieces of the function are graphed correctly and the open circle is placed correctly.
The function is defined as $3.50x$ for $1 ≤ x < 5$, which means the value at $x = 5$ is not included (hence the open circle), and it switches to $2.25x$ starting from $x = 5$, which should have a closed circle at that point to indicate that the cost is included when purchasing five or more boxes.