A drink manufacturer has a monthly fixed cost of $24,000 and a production cost of $7 for each

drink produced.The product sells for $10 per drink.

i. Derive the cost function?

ii.Derive the revenue function?

iii.Derive the profit function?

iv.Calculate the profit (loss) corresponding to production levels of 6,000 and 14,000 drinks respectively.

Thank you alot.