Solved

Solve
-Business People Are Concerned with Cost Functions, Revenue Functions R(x)R ( x )

Question 23

Multiple Choice

Solve.
-Business people are concerned with cost functions, revenue functions, and profit functions. Suppose the revenue R(x) R ( x ) for xx units of a product can be described by R(x) =400xR ( x ) = 400 x , and the cost C(x) C ( x ) can be described by C(x) =2200+180xC ( x ) = 2200 + 180 x . Find the profit P(x) P ( x ) for xx units.


A) P(x) =220x2200\mathrm { P } ( \mathrm { x } ) = 220 \mathrm { x } - 2200
B) P(x) =220x2200P ( x ) = \frac { 220 } { x } - 2200
C) P(x) =580x2200\mathrm { P } ( \mathrm { x } ) = 580 \mathrm { x } - 2200
D) P(x) =220x+2200\mathrm { P } ( \mathrm { x } ) = 220 \mathrm { x } + 2200

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents