Problem

MANUFACTURING PROFIT A manufacturer estimates that it costs $14 to produce each unit of a...

MANUFACTURING PROFIT A manufacturer estimates that it costs $14 to produce each unit of a particular commodity that sells for $23 per unit. There is also a fixed cost of $1,200.

a. Express the cost C(x) and revenue R(x) as functions of the number of units x that are produced and sold.


b. What is the profit function for this commodity?


c. How much profit is generated when 2,000 units of the commodity are produced?

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Solutions For Problems in Chapter 1.4