Engineering estimates show that the variable cost of manufacturing a new product will be

$43

per unit. Based on market research, the selling price of the product is to be

$119

per unit and variable selling expense is expected to be

$13

per unit. The fixed costs applicable to the new product are estimated to be

$2740

per period and capacity is

130

units per period. Find algebraic statements for the following.

(a) the revenue function

(b) the cost function

(a) Write an algebraic expression for the revenue function.

Total Revenue=enter your response here

(Type an expression using x as the variable. Do not include the $ symbol in your answer.)

P (b

(Type

(b) Write an algebraic expression for the cost function.

Total Cost=

(Type an expression using x as the variable. Do not include the $ symbol in your answer.)