The Figure Shows the Graphs of the Cost and Revenue $x$

question 90

Multiple Choice

The figure shows the graphs of the cost and revenue functions for a company that manufactures and sells binoculars. Use the information in the figure to answer the question.

-Use the revenue and cost functions to write the profit function from producing and selling $x$ binoculars.

• A) \(\mathrm { P } ( \mathrm { x } ) = 4 \mathrm { x } - 1500\)
• B) \(P ( x ) = 4 x + 1500\)
• C) \(P ( x ) = 2 x + 1500\)
• D) \(P ( x ) = 2 x - 1500\)

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Definitions:

Condensed Balance Sheet

A simplified balance sheet that consolidates some of the more detailed accounts into major categories, providing a summary overview of a company's financial position.

Statement of Cash Flows

An overview presenting the effects of changes in income and balance sheet figures on cash and cash equivalents, categorized by operating, investing, and financing activities.

Indirect Method

An approach used in cash flow statements where net income is adjusted for changes in non-cash working capital and other items to arrive at net cash flow from operating activities.

Fixed Assets

Fixed assets are long-term tangible assets that a company owns and uses in its operations to generate income, such as buildings, machinery, and equipment.