In This Problem, Cost, Revenue, and Profit Are in Dollars

question 140

Multiple Choice

In this problem, cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function is given by , and that the total cost function is given by . Find , and explain what this value represents. Round your answer to two decimal places. ​

• A)84.88. The sale of the 101st unit will increase profit by $84.88.
• B)84.88. The sale of the 101st unit will decrease profit by $84.88.
• C)84.75. The sale of the 101st unit will increase profit by $84.75.
• D)85.00. The sale of the 101st unit will increase profit by $85.00.
• E)85.00. The sale of the 101st unit will decrease profit by $85.00.

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Definitions:

Exchange Rates

The rate at which one currency can be exchanged for another, influencing international trade and investments.

Gold Standard

A monetary system in which the value of a country's currency is directly linked to a specified amount of gold, facilitating stable exchange rates and limiting inflation.

Monetary Policies

Government or central bank policies aimed at controlling the money supply and interest rates to influence economic activity.

Money Supply

The sum total of all assets in the form of money within an economy at a specific instance, including all forms of cash, coinage, and the funds kept in both savings and current accounts.