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Q1. You are given the cost per item and the fixed costs. Assuming a linear cost model, find the cost equation, where C is cost and x is the number produced.
Cost per item = $9, fixed cost = $6850
C(x) = ?
Q2. You are given the price of each item, which is assumed to be constant. Find the revenue equation, where R is revenue and x is the number sold.Price per item = $0.55
R(x) = ?
Q3. Find the supply equation using the given information. (Let x be the number of items.)At a price of $1200 a supplier will supply 140 items. If the price decreases by $200, then the supplier will supply 25 fewer items.
S(x) = ?
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