SOLUTION: A manufacturer has a monthly fixed cost of $42,500 and a production cost of $6 for each unit produced. The product sells for $11/unit.
(a) What is the cost function?
C(x)
=
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Question 1135158: A manufacturer has a monthly fixed cost of $42,500 and a production cost of $6 for each unit produced. The product sells for $11/unit.
(a) What is the cost function?
C(x)
=
(b) What is the revenue function?
R(x)
=
(c) What is the profit function?
P(x)
=
(d) Compute the profit (loss) corresponding to production levels of 6,000 and 11,000 units.
P(6,000)
=
P(11,000)
=
Answer by mathsolverplus(88) (Show Source): You can put this solution on YOUR website!
C(x) = 42500+6x
R(x) = 11x
P(x) = 11x-(425000+6x) = 5x-42500
P(6000)=5(6000)-42500= -12500
P(11000)=5(11000)-42500= 12500
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