Cost, Revenue, and Profit A manufacturer produces a
Chapter , Problem 2.2.93(choose chapter or problem)
Cost, Revenue, and Profit A manufacturer produces a product at a cost of $22.80 per unit. The manufacturer has a fixed cost of $400.00 per day. Each unit retails for $37.00. Let represent the number of units produced in a 5-day period. a. Write the total cost C as a function of x b. Write the revenue R as a function of x c. Write the profit P as a function of x. (Hint: The profit function is given by P(x) = R(x) - C(x).)
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