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September 23rd, 2009, 06:13 PM  #1 
Newbie Joined: Sep 2009 Posts: 3 Thanks: 0  Cost, revenue, and profit functions.
Please help I am stumped. "A Company has a fixed cost of $20,000 and a production cost of $8 for each unit it manufactures. A unit sells for $10." a) What is the cost function? b) What is the revenue function? c) What is the profit function? d) Compute the profit (loss) corresponding to production levels of 7,000, 9,000 and 12,000 units, respectively. Thanks so much 
September 24th, 2009, 05:48 AM  #2  
Senior Member Joined: Mar 2009 Posts: 318 Thanks: 0  Quote:
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If they make 2 units, what is the variable cost? If they make 3 units, what is the variable cost? If they make x units, what is the variable cost? Since the total cost is the fixed cost plug the variable cost, what function represents the cost C(x) for x units? Quote:
If they sell 2 units, what is the revenue? If they sell 3 units, what is the revenue? If they sell x units, what is the revenue? What then is the function for the revenue R(x) from x units? Quote:
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