Question: A software company develops and sells licenses for its software. The cost function for producing x licenses is given by C(x) = 2x + 1000

A software company develops and sells licenses for its software. The cost function for producing x licenses is given by C(x) = 2x + 1000 dollars, and the selling price per license is $50. What is the revenue function for selling x licenses? Group of answer choices R(x)=2x R(x)=50x R(x) = 100x R(x)=1500x

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

The marketing research department for a company that manufactures and sells notebook computers established the following revenue and cost functions: R (m) = 581' 7 2m2 C (1] : 349: + 54 where R(m)...

cc this are the questions Let US be the home country and Canada be the foreign country. Suppose that Canada experiences a temporary decline in their real GDP. Assume all else is constant. Consider...

(22 points) Suppose it is costly to transport exports. Let this cost be equal to some number T per unit. We are going to investigate some features of how the presence of T impacts the monopolistic...

I need all three of these 20 question multiple choice question tests answered. Student ID: 22039100 Exam: 061402RR - Budget Analysis and Performance Measurement in Decision Maki When you have...

I need help with the following EX 6 page 7 What is the total for the Cash column? Ex 6b page 7 What is the total in the inventory column 6c What is the total in the retained earnings column? Ex 7...

I need help on page 50. Exercise 3 about dayteccompany ACCT 252 MANAGERIAL ACCOUNTING CLASS NOTES REQUIRED To accompany Noreen, Brewer, Garrison 2nd ed. textbook Chapter 2 - Management Accounting and...

Please show ex[lanation for your choice of mutiple choice. 1.Suppose the market for rental cars has two segments, business travelers and vacation travelers. The demand curve for rental cars by...

Finance for Engineers: Setting up your file: Start with a new Excel file and answer each question on a separate sheet within your file (2 sheets for question #2). You will have 6 sheets in your file....

Carry out a chi-square test for goodness of fit for each of the following studies (use the .01 level for each). In each situation, the observed numbers are shown; the expected numbers are equal...

Develop a PowerPoint presentation, The content should focus on some aspect of social media use in the workplace. Potential examples include the importance of companies embracing social media,...

Amortization of patents. 1 2 3 4 Purchase of a company's own common stock, also called a treasury stock purchase or stock buyback. 1 2 3 4 Payment of wages and salaries. 1 2 3 4 Sale of equipment, at...

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...