The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is $26,000. The variable cost for the product is expected to be between $20 and $29 with a most likely value of $24 per unit. The product will sell for $55 per unit. Demand for the product is expected to range from 500 to 1600 units, with 900 units the most likely demand.
Let c = variable cost per unit
x = demand
a. Develop the profit model for this product. Enter your answer in the form of an expression (Example: (+10)+800)
Profit =