A small company buys childrens books for 400 each and sells

A small company buys children’s books for $4.00 each and sells them for $8.00 each. The fixed cost for this company is $560.

A. Create the cost C and revenue R functions for this company.

Cost function:________________________________

            Revenue function:________________________________

Solution

If x be the number of books bought and sold by the Company, then C(x), its cost function and R(x) , its revennue functions are C(x) = 560 + 4x and R(x) = 8x