Given the Cost Function, C(x), and the Revenue Function, R(x) $x$

question 84

Multiple Choice

Given the cost function, C(x) , and the revenue function, R(x) , find the number of units x that must be sold to break even.
-Use the revenue and cost functions to write the profit function from producing and selling $x$ binoculars.

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

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Definitions:

Checking Account

A checking account is a bank account that allows for easy access to funds through checks, debit cards, and electronic transfers, used primarily for daily transactions.

ATM Withdrawal

The act of taking out cash from one's bank account through an Automated Teller Machine.

Usage Fee

Charges incurred for using a particular service or facility, often assessed on a periodic basis.

Compound Interest

Interest that is earned on the money deposited into an account plus previous interest.