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A manufacturer has a monthly fixed cost of $52,500 and a production cost of $8 for each unit produced. The product sells for $13/unit. (a) What is the cost function? C(x) (b) What is the revenue function? R(x) (c) What is the profit function? (d) Compute the profit (loss) corresponding to production levels of 8,000 and 13,000 units. P(8,000) - P(13,000)-

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Ans: Vabrable cost -$8 C) what s the cost funciron, Redast +4able cont) 3 cost function CoS B what the Revenue ncton C)at the Posft function, Proft functionpodi, clon lael to (p)· p 이아 loss cosesfonding of 8.ooaud 13,o0o PK)52,s00 니0 ,000-52, soo = [(13000) - 2SO

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