Question

11.) A company produces a product for which the variable cost is $12.30 per unit and the fixed costs are $98,000. The product sells for $17.98. Let x be the number of units produced and sold.

a.) the total cost for a business is th sum of the variable cost and the fixed costs. Write the total cost C as a function of the number of units produced.

b.) write the revenue R as a function of the number of units sold.

d.) Write the profit P as a function of the number of units sold.
I know that P=R-C...

Answer 1

c = 98,000 + 12.3 x

r = 17.98 x