Question 1011857
x = number of items made and sold
R = revenue
C = cost
P = profit (equal to R - C)


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Cost:


Total cost = (variable cost)*(number of units) + (fixed cost)
C = 5.92x + 24000


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Revenue:


Total Revenue = (Price per unit)*(number of units sold)
R = 9x


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Profit


Profit = Revenue - Cost
P = R - C
P = 9x - (5.92x + 24000)
P = 9x - 5.92x - 24000
P = 3.08x - 24000



So the profit equation is {{{P = 3.08x - 24000}}} where x is the number of items made and sold, P is the profit in dollars.