A Manufacturer Has a Monthly Fixed Cost of $50,000 and a Production

question 77

Multiple Choice

A manufacturer has a monthly fixed cost of $50,000 and a production cost of $6 for each unit produced. The product sells for $13/unit. What is the cost function? What is the revenue function? What is the profit function? ​

• A) C(x) = 6x + 50,000, R(x) = 13x and P(x) = 7x - 50,000
• B) C(x) = 6x + 50,000, R(x) = 6x and P(x) = 7x + 50,000
• C) C(x) = 6x + 50,000, R(x) = 50,000x and P(x) = 7x + 50,000
• D) C(x) = 13x + 6, R(x) = 6x and P(x) = -7x + 50,000
• E) C(x) = 13x + 50,000, R(x) = 50,000x and P(x) = 7x - 50,000

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Definitions:

Non-Experimental Methods

Research techniques that do not involve the manipulation of variables, often used to study associations between variables rather than causal relationships.

Archival Research

Non-experimental method involving the assembly of data, or reports of data, collected by others.

Case Studies

Detailed examinations of a single subject or entity, often used in psychology, sociology, and business to analyze complex issues or dynamics.

Field Experiments

Research studies conducted in natural, real-life settings outside the laboratory to understand the impact of variables in a more natural context.