Question: Assume that the following has a linear cost function. Find the cost function, C(x), revenue function, R(x), and profit function, P(x), where x is the

Assume that the following has a linear cost function. Find the cost function, C(x), revenue function, R(x), and profit function, P(x), where x is the number of items produced (or sold).

Fixed Cost Marginal Cost Items for sale

$250 $19 $30

What is the cost function?

C(x)=

What is the revenue function?

R(x)=

What is the profit function?

P(x)=

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