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

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