In economics, functions that involve revenue, cost and profit are used. Suppose R(x) and C(x) denote the total revenue and the total cost, respectively, of producing a new high-tech widget. The difference represents the total profit for producing x widgets. Given R(x) = 60x - 0.4 and find P(100).
A) 55687
B) 313
C) 2000
D) 1687

Question

In economics, functions that involve revenue, cost and profit are used. Suppose R(x) and C(x) denote the total revenue and the total cost, respectively, of producing a new high-tech widget. The difference  represents the total profit for producing x widgets. Given R(x) = 60x - 0.4  and  find P(100).
A) 55687 
B) 313 
C) 2000 
D) 1687

Quizplus · Accepted Answer

The Answer of In economics, functions that involve revenue, cost and profit are used. Suppose R(x) and C(x) denote the total revenue and the total cost, respectively, of producing a new high-tech widget. The difference  represents the total profit for producing x widgets. Given R(x) = 60x - 0.4  and  find P(100).
A) 55687 
B) 313 
C) 2000 
D) 1687

In Economics, Functions That Involve Revenue, Cost and Profit Are