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) = (c) What is the profit function P(x)? P(x) = (d) Compute the profit (loss) corresponding to production levels of 2000, 5000, and 12,000 timers, respectively. (Input a negative value to indicate a loss.) 2000 timers $ 5000 timers $ 12,000 timers $

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) = (c) What is the profit function P(x)? P(x) = (d) Compute the profit (loss) corresponding to production levels of 2000, 5000, and 12,000 timers, respectively. (Input a negative value to indicate a loss.) 2000 timers $ 5000 timers $ 12,000 timers $

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

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) =

(d) Compute the profit (loss) corresponding to production levels of 2000, 5000, and 12,000 timers, respectively. (Input a negative value to indicate a loss.)

2000 timers	$
5000 timers	$
12,000 timers	$

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