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- HERES AN APPLICATION PROBLEM INVOLVING REVENUE COSTS AND PROFIT THAT CAN BE SOLVED USING A LINEAR EQUATION. A COMPANY MAKES PHONE COVERS. THEY SELL EACH COVER FOR $12. IF X EQUALS THE NUMBER OF PHONE COVERS PRODUCED AND SOLD, WHAT IS THE REVENUE EQUATION? WELL THE REVENUE WOULD BE THE TOTAL AMOUNT OF MONEY GENERATED FROM THE SALE OF THE PHONE COVERS SO WE CAN SAY THAT THE REVENUE BIG R, IS GOING TO BE EQUAL TO 12 x X WHERE AGAIN X IS THE NUMBER OF PHONE COVERS PRODUCED AND SOLD. AND R WOULD BE THE TOTAL REVENUE IN DOLLARS. NEXT THE COST TO MAKE THE COVERS IS $2 EACH WITH A ONE TIME START UP COST OF $5,200. SO NOW WE WANT TO KNOW WHAT THE COST EQUATION IS. AND WE CAN SEE THERE ARE TWO COMPONENTS TO THE COST, THERES THIS FIXED COST OF $5,200 THATS NOT GOING TO CHANGE AND THEN WE HAVE A VARIABLE COST BASED UPON THE NUMBER OF PHONE COVERS PRODUCED AT $2 EACH. SO THE TOTAL COST IS GOING TO BE EQUAL TO 2 x THE NUMBER OF PHONE COVERS PRODUCED, PLUS THE FIXED COSTS, OR START UP COSTS OF