Assume that the following has a linear cost function. Find the cost function, C(x), revenue function, R(x), and profit function, P(x), where x is the number of items produced (or sold).
Fixed Cost | Marginal Cost | Item Sells
$200 | $19 | $31
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What is the cost function?
C(x)= ______. (Simplify your answer)
What is the revenue function?
R(x)= ______. (Simplify your answer)
What is the profit function?
P(x)= ______. (Simplify your answer)