AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $48,000 and a production cost of $7 for each timer manufactured. The timers sell for $15 each. (a) What is the cost function C(x)? C(x) = (b) What is the revenue function R(x)? R(x) = What is the profit function P(x)? P(x) = (d) Compute the profit (loss) corresponding to production levels of 2000, 5000, and 15,000 timers, respectively. (Input a negative value to indicate a loss.) 2000 timers 5000 timers 15,000 timers

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