Question
A manufacturer has decided to come out with a new and improved toilet. The fixed cost for the production of this new toilet line is $16,000 and the variable costs are $68 per toilet. The company expects to sell the toilets for $154. Formulate the function C(x) for the total cost of procucing x new toilets and a function R(x) for the total revenue generated from the sales of x toilets.
Answers
drwls
C(x) = 16,000 + 68 x
R(x) = 154 x
R(x) = 154 x