The cost function for a backpack company is C(x) = 23x + 3900 and the revenue function is R(x) = 35x. Identify the Fixed cost Variable cost and Price per backpack.
A Fixed cost is $35, Price is $3900, Variable cost is $23
B Fixed cost is $3900, Price is 35x, Variable cost is 23x
C Fixed cost is $3900, Price is $23, Variable cost is $35
D Fixed cost is $3900, Price is 35, Variable cost is 23
Question 4
25 Points
Use the information in Question 3 to find the profit for 1000 backpacks sold.
A
$15.900
B
58.100