Assume that the market price p and the number of units for sale x are related by the demand equation:
Assume that the cost C(x) of producing x items is governed by the equation
and the revenue R(x) generated by selling x units is governed by
a. Write the cost as a function of price p.
b. Write the revenue as a function of price p.
c. Write the profit as a function of price p.

Question

Assume that the market price p and the number of units for sale x are related by the demand equation: 
  Assume that the cost C(x) of producing x items is governed by the equation
  and the revenue R(x) generated by selling x units is governed by
  a. Write the cost as a function of price p.
b. Write the revenue as a function of price p.
c. Write the profit as a function of price p.

Quizplus · Accepted Answer

The Answer of Assume that the market price p and the number of units for sale x are related by the demand equation: 
  Assume that the cost C(x) of producing x items is governed by the equation
  and the revenue R(x) generated by selling x units is governed by
  a. Write the cost as a function of price p.
b. Write the revenue as a function of price p.
c. Write the profit as a function of price p.

Assume That the Market Price P and the Number of Units