Question: a toilet manufacturer has decided to come out with a...
A toilet manufacturer has decided to come out with a new and improved toilet. The fixed cost for the production of this new toilet line is $16,600 and the variable costs are $67 per toilet. The company expects to sell the toilets for $157. Formulate a function P(x) for the total profit from the production and sale of x toilets.
P(x) = 90x + 16600
P(x) = 90x - 16600
P(x) = 157x - 16600
P(x) = 90x