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Engineering estimates show that the variable cost of manufacturing a new product will be $38 per unit. Based on market research, the selling price of
Engineering estimates show that the variable cost of manufacturing a new product will be $38 per unit. Based on market research, the selling price of the product is to be $124 per unit and variable selling expense is expected to be $10 per unit. The fixed costs applicable to the new product are estimated to be $2530 per period and capacity is 90 units per period. Find algebraic statements for the following. (a) the revenue function (b) the cost function (a) Write an algebraic expression for the revenue function. Total Revenue = (Type an expression using x as the varlatble. Do not include the $ symbol in your answer.)
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