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Posted: May 16th, 2020
Total Cost for a Business Assignment | Assignment Help Services
A company produces a product for which the variable cost is $12.95 per unit and the fixed costs are $96,000. The product sells for $17.62. Let x be the number of units produced and sold.
(a) The total cost for a business is the sun of the variable cost and the fixed costs. Write the total cost C as a function of the number of units produced.
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(b) Write the revenue R as a function of the number of units sold.
(c) Write the profit P as a function of the number of units sold. (Note: P = R - C).
C = ?
R = ?
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P = ?
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