A company that manufactures small canoes has a fixed cost of $18,000. It costs $20 to produce each canoe. The selling price is $80 per canoe. (In solving this exercise, let x represent the number of canoes produced and sold.) a. Write the cost function. C(x)= 18,000 + 20x (Type an expression using x as the variable.) b. Write the revenue function. R(x)= (Type an expression using x as the variable.)

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The cost function is perfectly formulated as Cx 18000 20x This equation captures the total cost C o... View the full answer