The total cost for producing 1000 units of a commodity is $5.1 million, and the revenue...

 

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The total cost for producing 1000 units of a commodity is $5.1 million, and the revenue generated by the sale of 1000 units is $6.6 million. (a) What is the profit on 1000 units of the commodity? P(1000)=$ million (b) Assuming C(q) represents total cost and R(q) represents revenue for the production and sale of q units of a commodity, write an expression for profit. The total cost for producing 1000 units of a commodity is $5.1 million, and the revenue generated by the sale of 1000 units is $6.6 million. (a) What is the profit on 1000 units of the commodity? P(1000)=$ million (b) Assuming C(q) represents total cost and R(q) represents revenue for the production and sale of q units of a commodity, write an expression for profit.