Fill in the blanks: There is a fixed cost of 50,000 dollars to start a production process. Once the process has begun, the variable cost per unit is 25 dollars The revenue per unit is projected to be 45 dollars. Write an expression for total profit. Answer should be in this format (do not use comma): P(x) = 12x - (10000 + 12x) Continue>

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Fill in the blanks:
There is a fixed cost of 50,000 dollars to start a production process. Once the process has begun, the variable cost per unit is 25 dollars. The
revenue per unit is projected to be 45 dollars. Write an expression for total profit.
Answer should be in this format (do not use comma): P(x) = 12x - (10000 + 12x)
Continue>
Transcribed Image Text:Fill in the blanks: There is a fixed cost of 50,000 dollars to start a production process. Once the process has begun, the variable cost per unit is 25 dollars. The revenue per unit is projected to be 45 dollars. Write an expression for total profit. Answer should be in this format (do not use comma): P(x) = 12x - (10000 + 12x) Continue>
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