We have been provided with the information that
100-watt light bulbs is $12, 100.00. so fixed cost $ 12,100
If the cost of producing each twin-pack of light bulbs is $0.60 so variable cost is 0.60$ each
each twin-pack sells for $1.15,
Fixed Cost= 12,100
Variable Cost= .6x
So, the Cost function will be:
C(x)= 0.6 x +12,100
where x is the number of units produced.
Revenue fuction is as follow
R(x)= 1.15 x
where R stands for revrnue and x the total # of units sold
Profit Function is as follow
P(x)= R(x) – C(x)
where P is profit. Substituting.
P(x)= [1.15x]-[0.6x+12,100]
P(x)= 0.55x-12,100