Question: A company has a price demand function P(x)=150-3xfor a certain product, if moreover the cost function is C(x)=50+2x, then what is the revenue function? a.
A company has a price demand function P(x)=150-3xfor a certain product, if moreover the cost function is C(x)=50+2x, then what is the revenue function?
a. R(x)=100-5x
b (x) cannot be determined
c. R(x)=200-x
or
d R(x)=5x-100
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
