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The fixed costs to produce a certain product are 25,000 and the variable costs are $12.00 per item. The revenue for a certain product is $17.00 each. If the company sells x products, then what is the revenue equation?

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  1. 7 May, 05:56
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    Revenue = $ (5x-25 000)

    Step-by-step explanation:

    The company required to invest 25,000 for a product, also the production cost is $12 per item. This will be accounted in the expenditure of the company.

    Let the number of item be x.

    The total expenditure of the company in production of x items = 25000+12x

    Revenue generated by the company by selling x items=17x

    The net profit = Revenue Generated - Total Expenditure

    Revenue=17x - (12x+25000)

    = 17x - 12x - 25000

    = 5x - 25000

    The net profit is $ (5x - 25000).
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