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AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $49,000 and a production cost of $8 for each timer manufactured. The
AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $49,000 and a production cost of $8 for each timer manufactured. The timers sell for $14 each.
(a) What is the cost function C(x)? C(x) =
(b) What is the revenue function R(x)? R(x) = (c) What is the profit function P(x)? P(x) = (d) Compute the profit (loss) corresponding to production levels of 4000, 6000, and 14,000 timers, respectively. (Input a negative value to indicate a loss.)
4000 timers | $ |
6000 timers | $ |
14,000 timers | $ |
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