Given the Following Revenue and Cost Functions, Find the Maximum $R ( x ) = 80 x - 2 x ^ { 2 } ; C ( x ) = 24 x + 100$

question 230

Multiple Choice

Given the following revenue and cost functions, find the maximum profit. (Recall that profit equals revenue minus cost.) $R ( x ) = 80 x - 2 x ^ { 2 } ; C ( x ) = 24 x + 100$

• A) $492
• B) $684
• C) $292
• D) $392

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Definitions:

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The total amount of net income earned by a company over its entire existence.

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A federal payroll (or employment) tax used to fund the Medicare program, split between employers and employees.