Business Find expressions for the revenue, cost, and profit from selling x thousand items. (See Example.)
Item Price | Fixed Costs | Variable Costs |
$5.00 | $200,000 | 1800x |
Example
Business A manufacturer of scientific calculators sells calculators for $12 each (wholesale) and can produce a maximum of 150,000. The variable cost of producing x thousand calculators is 6995x - 7.2x2 dollars, and the fixed costs for the manufacturing operation are $230,000. If x thousand calculators are manufactured and sold, find expressions for the revenue, cost, and profit.
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