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A manufacturer has a monthly fixed cost of $87,500 and a production cost of $15 for each unit produced. The product sells for $20/unit (a)

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A manufacturer has a monthly fixed cost of $87,500 and a production cost of $15 for each unit produced. The product sells for $20/unit (a) What is the cost function CX) (b) What is the revenue function? R(X) - (c) What is the profit function? PEx) = (d) Compute the profit (loss) corresponding to production levels of 15,000 and 20,000 units. (Input a negative value to indicate a los PC15,000) P(20,000)

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