A manufacturer has a monthly fixed cost of $50,000 and a production cost of $6 for each unit produced. The product sells for $13/unit. What is the cost function? What is the revenue function? What is the profit function?
?
A. C(x) = 6x + 50,000, R(x) = 13x and P(x) = 7x- 50,000
B. C(x) = 6x + 50,000, R(x) = 6x and P(x) = 7x + 50,000
C. C(x) = 6x + 50,000, R(x) = 50,000x and P(x) = 7x + 50,000
D. C(x) = 13x + 6, R(x) = 6x and P(x) = -7x + 50,000
E. C(x) = 13x + 50,000, R(x) = 50,000x and P(x) = 7x- 50,000
Answer: A
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