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A manufacturer has a monthly fixed cost of $40,000 and a production cost of $8 for each unit produced. The product sells for $12/unit. (a)

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A manufacturer has a monthly fixed cost of $40,000 and a production cost of $8 for each unit produced. The product sells for $12/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 8,000 and 12,000 units

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