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A manufacturer has a monthly fixed cost of $44,000 and a production cost of $9 for each unit produced. The product sells for $13/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 9,000 and 13,000 units. P(9,000) =   P(13,000) =

A manufacturer has a monthly fixed cost of $44,000 and a production cost of $9 for each unit produced. The product sells for $13/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 9,000 and 13,000 units. P(9,000) =   P(13,000) =

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A manufacturer has a monthly fixed cost of $44,000 and a production cost of $9 for each unit produced. The product sells for $13/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 9,000 and 13,000 units.
P(9,000)
 =  
P(13,000)
 =  
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