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Engineering estimates show that the variable cost of manulacturing a new product will be $42 per unit, Basod on market research, the selling price of
Engineering estimates show that the variable cost of manulacturing a new product will be $42 per unit, Basod on market research, the selling price of the product is fo be $128 per unit and variable selling expense is expected to bo $17 per unit. The fixed costs applicable to the new prothet are estimated to be $2780 per period and capacity is 140 units per period. Find algobraic statements for the following (a) the revenwe function (b) the cost function (a) Write an algebraic expression for the revenue function. Total Fievenue = (Type an expression using x as the variable. Do not include the $ symbol in your tinswer) (b) Write an algobraic expression for the cost function. Total Cost = (Type an expression using x as the variable. Do not include the $ symbol in your answer.)
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