Rafael estimates that it costs $14 to produce each unit of a
particular commodity that sells for $23 per unit. There is also a
ﬁxed cost of $1,200.
1 Express the cost C (x ), the revenue R (x ) and the proﬁt P (x )

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C(x)=14x+1200
R(x)=23x
P(x)=23x-(14x+1200)

so P(X) isn't 9x-1200

The profit=revenue-cost. The cost has a variable part (14x) and a fixed part (1200).

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