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The unit cost, in dollars, to produce bins of cat food is $18 and the fixed cost is $30000. The price-demandfunction, in dollars per bin, is p(x) = 568 - 2xFind the cost function.C(x)Find the revenue function.R(x) =Find the profit function.P(x) = At what quantity is the smallest break-even point?

Respuesta :

Answer:

The price function is given below as

[tex]P(x)=568-2x[/tex]

Let demand be

[tex]=x[/tex]

Step 1:

To calculate the revenue function, we will use the relation below

[tex]\text{revenue}=demand\times price\text{ per uni}[/tex]

By substituting the functions, we will have

[tex]undefined[/tex]

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