The following amounts represent the costs for producing a particular item. Assume the cost function for producing x items is linear. Find the cost function, revenue function, and profit function.
Fixed Cost Marginal Cost per item Item Sells For
$10,000 $6.50 $40
What is the costfunction?C(x)=nothing
(Do not include the$ symbol in youranswer.)
What is the revenuefunction?R(x)=
(Do not include the$ symbol in youranswer.)
What is the profitfunction?P(x)=
Simplify your answer. Do not include the$ symbol in youranswer.)
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The following amounts represent the costs for producing a particular item. Assume the cost function for producing x items is linear. Find the cost function, revenue function, and profit function.
Fixed Cost Marginal Cost per item Item Sells For
$10,000 $6.50 $40
What is the costfunction?C(x)=nothing
(Do not include the$ symbol in youranswer.)
What is the revenuefunction?R(x)=
(Do not include the$ symbol in youranswer.)
What is the profitfunction?P(x)=
Simplify your answer. Do not include the$ symbol in youranswer.)