Assume that the linear cost and revenue models apply. An item costs $4 to make. If fixed costs are $3400 and profits are $28600 when 1000 items are made and sold, find the revenue equation. (Let x be the number of items.) R(X) = %3D

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Author:WINSTON, Wayne L.
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Chapter2: Introduction To Spreadsheet Modeling
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Assume that the linear cost and revenue models
apply. An item costs $4 to make. If fixed costs are
$3400 and profits are $28600 when 1000 items
are made and sold, find the revenue equation. (Let
x be the number of items.)
R(X) =
Transcribed Image Text:Assume that the linear cost and revenue models apply. An item costs $4 to make. If fixed costs are $3400 and profits are $28600 when 1000 items are made and sold, find the revenue equation. (Let x be the number of items.) R(X) =
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