Phil makes and sells rugs at his roadside stand. His monthly fixed cost for owning the stand is $714. If he makes and sells 20 rugs, his total costs are $774 and he brings in $480 in revenue. Find Phil's monthly cost, revenue, and profit functions (assuming they are linear). Let x be the number of rugs made and sold each month.
Phil makes and sells rugs at his roadside stand. His monthly fixed cost for owning the stand is $714. If he makes and sells 20 rugs, his total costs are $774 and he brings in $480 in revenue. Find Phil's monthly cost, revenue, and profit functions (assuming they are linear). Let x be the number of rugs made and sold each month.
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