Assume that the linear cost and revenue models apply. An item costs $12 to make. If fixed costs are $3000 and profits are $5000 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.) R(x) =

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
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Chapter14: Capital Structure Management In Practice
Section14.A: Breakeven Analysis
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Assume that the linear cost and revenue models apply. An item costs $12 to make. If fixed costs are $3000 and profits are $5000 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.)
R(x) =

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