A company sells its product for $53 each. They can produce each product for $27 each and they have fixed costs of $8,700.   Using x to represent the number of items produced/sold, find the following functions: Cost function:

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter4: Linear Functions
Section4.2: Modeling With Linear Functions
Problem 1SE: Explain how to find the input variable in a word problem that uses a linear function.
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A company sells its product for $53 each. They can produce each product for $27 each and they have fixed costs of $8,700.

 

Using x to represent the number of items produced/sold, find the following functions:

Cost function:

C(x)=

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