Question: Please look this over: If you can let me know if I have given the correct response: Assume that the following has a linear cost
Please look this over: If you can let me know if I have given the correct response:
Assume that the following has a linear cost function. Find the costfunction, C(x), revenuefunction, R(x), and profitfunction, P(x), where x is the number of items produced(or sold).
Fixed Cost = $300
Marginal Cost = $18
Item Cost = 30
C(x) = 30(x)+300
R(x) = 30*100
P(x) = Revenue - cost = 300-30
?
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