Solution for QID #475: The following amounts represent the costs for producing a pa | StudyHelpMe

The following amounts represent the costs for producing a particular item. Assume the cost function for producing x items is linear. Find the cost function, revenue function, and profit function.Fixed CostMarginal Cost per itemItem Sells For$10,000$6.50$40What is the costfunction?C(x)=nothing(Do not include the$ symbol in youranswer.)What is the revenuefunction?R(x)=(Do not include the$ symbol in youranswer.)What is the profitfunction?P(x)=Simplify your answer. Do not include the$ symbol in youranswer.)