AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $48,000 and a
production cost of $8 for each timer manufactured. The timers sell for $14 each.
a. What is cost function? (1 pt)
b. What is the revenue function? (1 pt)
c. What is the profit function? (1 pt)*
d. Compute the profit (or loss) corresponding to production levels of 4000, 6000, and 10,000
timers. (3 pts)*
Math 129: Managerial Pre-Calculus
Exam 1 – Chapter 2
Show work clearly where (*) indicates. Circle your final answer.
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