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MANUFACTURING PROFIT Rafael estimates that it costs $14 to produce each unit of a particular commodity that sells for $23 per unit. There is also a fixed cost of $1,200.
a. Express the cost C(x), the revenue R(x), and the profit P(x) as functions of the number of units x that are produced and sold. I have : R (x) = 23x is this correct? or should be R (x) = 1200 + 23x if so why? C (x) = 14x + 1,200 P (x) = 9x - 1200
How much profit is generated When x = 100 units?
What is the smallest number of units that must be produced for Rafael's company to be profitable?
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