Rafael estimates that it costs $14 to produce each unit of a . particular commodity that sells for $23 per unit. there is also a . fixed cost of $1,200. 1 express the cost c (x ), the revenue r (x ) and the profit p (x )

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as