A company invests $94,000 for equipment to produce a new product. Each unit of the product costs

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A company invests $94,000 for equipment to produce a new product. Each unit of the product costs $12.40 and is sold for $16.98. Let x be the number of units produced and sold.

(a) Write the total cost C as a function of x.

C(x) =

(b) Write the revenue R as a function of x.

R(x) =

P(x) =

Related Book For answer-question

Probability and Statistical Inference

ISBN: 978-0321923271

9th edition

Authors: Robert V. Hogg, Elliot Tanis, Dale Zimmerman

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Posted Date: Jan 19, 2021 04:18 AM

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A company invests $94,000 for equipment to produce a new product. Each unit of the product costs

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Probability and Statistical Inference

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