AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $47,000 and a production cost of $8 for each timer manufactured. The timers sell for $15 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 4,000, 7,000, and 13,000 timers, respectively. (Input a negative value to indicate a loss.) 4,000 timers 7,000 timers $ 13,000 timers $ Need Help? Read it Watch It 8. [-/1.11 Points] DETAILS TANAPMATH7 2.5.030. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER In 2012, National Textile installed a new textile machine in one of its factories at a cost of $200,000. The machine is depreciated linearly over 10 years with a scrap value of $10,000. (a) Find an expression for the textile machine's book value in the tth year of use (0 s t s 10). (b) Sketch the graph of the function of part (a). (Sketch the graph as a line segment.) 3.000+5 Graph Layers 2.800+5 2.60 0+5 After you add an object to the graph you can use Graph Layers to view and edit its 2.400+5 properties. O 2.20+ Fill 2.00e+5 1.800+5 4.600+5 . 1400+5 1.206+5 Solution 1.006+5 80000 60000 40000 20000 Help WebAssign. Graphing Tool (c) Find the machine's book value in 2016. (d) Find the rate (in dollars per year) at which the machine is being depreciated. per year Need Help? Read It Watch It 9. [0.68/1.12 Points] DETAILS PREVIOUS ANSWERS TANAPMATH7 2.5.048. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Ace Truck leases its 10-ft box truck at $37/day and $0.45/mi, whereas Acme Truck leases a similar truck at $32/day and $0.50/mi. (a) Find the daily cost of leasing from each company as a function of the number of miles driven. Ace C(X) = Acme C(x) =