Question: The profit function is given by the difference between revenue and cost. ( a ) What is the general form of the cost function? (

The profit function is given by the difference between revenue and cost.(a) What is the general form of the cost function?(b) What is the general form of the Revenue function?C(q)- cost functionR(q)- revenue function9- quantity of goodb- fixed costsm - variable costsp - price charged to student Choose the correct answer. (a) C(a)= pa; (b) R(a)= b ma (a) C(a)= ma; (b) R(a)= pa (a) C(a)= b ma; (b) R(a)= pa

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