Find expressions for the Revenue, Cost, and Profit from selling x thousand items.
Item Price Fixed Cost Variable Cost
58,684 3698x
Solution:–
Revenue=5000x (5 dollar per item * 1000x)
Cost=58684+3698x (fixed cost+variable cost)
Profit=5000x-58684-3698x (revenue profit)
Profit= 1302x-58684