Given Functions F and G, Perform the Indicated Operations $C ( x )$

question 183

Multiple Choice

Given functions f and g, perform the indicated operations.
-A firm is considering a new product. The accounting department estimates that the total cost, $C ( x )$ , of producing $x$ units will be
$$C ( x ) = 100 x + 7700$$
The sales department estimates that the revenue, $R ( x )$ , from selling $x$ units will be
$$R ( x ) = 110 x \text {, }$$
but that no more than 875 units can be sold at that price. Find and interpret $( R - C ) ( 875 )$ .

• A) \(\$ 1050\) profit, income exceeds cost
• It is worth it to develop product.
• B) \(- \$ 1050\) loss, cost exceeds income
• It is not worth it to develop product.
• C) \(\$ 191,450\) profit, income exceeds cost
• It is worth it to develop product.
• D) \(\$ 1645\) profit, income exceeds cost
• It is worth it to develop product.

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity.

Revenues

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Expenses

The costs incurred during the operation of a business, which may include payments to suppliers, salaries, and utility bills.

Accounting Process

A systematic series of steps undertaken by an organization to record financial transactions, summarize these transactions, and prepare financial statements.