Hamilton Stanley
05/03/2024 · Elementary School
A manufacturer sells belts for \( \$ 15 \) per unit. The fixed costs are \( \$ 1600 \) per month, and the variable cost per unit is \( \$ 11 \). (a) Write the equations of the revenue \( R(x) \) and cost \( C(x) \) functions. \( R(x)=\square \) \( C(x)=\square \)
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Step-by-step Solution
To write the equations for the revenue \( R(x) \) and cost \( C(x) \) functions, we need to define \( x \) as the number of units sold.
1. **Revenue Function \( R(x) \)**:
The revenue is calculated by multiplying the price per unit by the number of units sold. Given that the manufacturer sells belts for \( \$ 15 \) per unit, the revenue function is:
\[
R(x) = 15x
\]
2. **Cost Function \( C(x) \)**:
The cost consists of fixed costs and variable costs. The fixed costs are \( \$ 1600 \) per month, and the variable cost per unit is \( \$ 11 \). The total cost function can be expressed as:
\[
C(x) = \text{Fixed Costs} + \text{Variable Cost per Unit} \times \text{Number of Units}
\]
Therefore, the cost function is:
\[
C(x) = 1600 + 11x
\]
In summary:
\[
R(x) = 15x
\]
\[
C(x) = 1600 + 11x
\]
Quick Answer
\( R(x) = 15x \)
\( C(x) = 1600 + 11x \)
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