Question: Assume that the following has a linear cost function for producing x items. Find the cost function revenue function and profit function. Fixed Cost: $500

Assume that the following has a linear cost function for producing x items. Find the cost function revenue function and profit function.

Fixed Cost: $500

Marginal Cost: $14

Item sells for $35

What is the cost function?

What is the revenue function?

What is the profit function?

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