Answer:
R(x)=8x
Step-by-step explanation:
We get the total revenue by multiplying the revenue per unit times the numbers of units sold, so the general Revenue function is given by
R(x)=selling price per unit⋅x.
The manufacturer sells each widget for $8 so the Revenue function is
R(x)=8x.
Answer:
C(x)=5x+1200
Step-by-step explanation:
The general Cost function formula is given by
C(x)=cost per unit⋅x+fixed costs.
The manufacturer has fixed costs of $1200 no matter how many widgets it produces. In addition to the fixed costs, the manufacturer also spends $5 to produce each widget. If we substitute these values into the general cost function, we find that the cost function when x widgets are manufactured is given by
