Given the Following Revenue and Cost Functions, Find the X-Value $$R ( x ) = 58 x - 2 x ^ { 2 } ; C ( x ) = 25 x + 98$$

question 249

Multiple Choice

Given the following revenue and cost functions, find the x-value that makes profit a maximum. (Recall that profit equals revenue minus cost.) $$R ( x ) = 58 x - 2 x ^ { 2 } ; C ( x ) = 25 x + 98$$

• A) 9.25
• B) 14.5
• C) 16.5
• D) 8.25

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Definitions:

Borrow From The Fed

The act of financial institutions taking loans from the Federal Reserve, usually to maintain reserve requirements or to stabilize liquidity.

Fiscal Policy

Government policies regarding taxation and spending designed to influence economic conditions, such as growth rates, inflation, and employment.

Monetary Policy

Actions undertaken by a central bank, such as the Federal Reserve, to control the money supply and interest rates to achieve macroeconomic objectives like controlling inflation.

Timing Lags

Delays between the implementation of monetary or fiscal policy and the observable effects of these policies on the economy.