Nik is a company that manufactures running shoes. It has a fixed cost of$300,000.00. Additionally, it costs $30 to produce each pair. They are sold at$80 a pair. b) Write

the revenue function, R, from the sale of x running shoes. a) Write the cost function, C, of producing x running shoes. c) Suppose Nik produces too many running shoes- more than they can sell in the stores. How would this impact profits? Is there anything the manager scan do to cut their losses? d) Suppose that we can sell all of the units that we produce. How many running shoes would Nik have to produce/sell in order for the company to make a profit? e) Determine the break-even point. Describe what this means. Graph the lines with at least three points each.