Tutorial Exercise (in dollars). A manufacturer has a monthly fixed cost of $47,500 and a production cost of $7 for each unit produced. The product sells for $12/unit. Find the following functions (in dollars) and compute each profit (a) What is the cost function? (b) What is the revenue function? (c) What is the profit function? (d) Compute the profit (loss) corresponding to production levels of 7,000 and 12,000 units. Click here to begin! Need Help? Read It 9. [-/5 Points] DETAILS TANAPCALC10 2.3.018. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A manufacturer has a monthly fixed cost of $120,000 and a production cost of $16 for each unit produced. The product sells for $20/unit. (a) What is the cost function, C(x)? C ( x ) = (b) What is the revenue function, R(x)? R(X ) = (c) What is the profit function, P(x)? P(X ) = (d) Compute the profit (loss) corresponding to production levels of 11,000 and 45,000 units. P(11,000) units P(45,000) units ~ ENG 10 0 11:55 AM O L OI 9/11/2022