Solve
-Business People Are Concerned with Cost Functions, Revenue Functions $R ( x )$

question 106

Multiple Choice

Solve.
-Business people are concerned with cost functions, revenue functions, and profit functions. Suppose the revenue $R ( x )$ for $x$ units of a product can be described by $R ( x ) = 400 x$ , and the cost $C ( x )$ can be described by $C ( x ) = 2200 + 180 x$ . Find the profit $P ( x )$ for $x$ units.

• A) \(\mathrm { P } ( \mathrm { x } ) = 220 \mathrm { x } - 2200\)
• B) \(P ( x ) = \frac { 220 } { x } - 2200\)
• C) \(\mathrm { P } ( \mathrm { x } ) = 580 \mathrm { x } - 2200\)
• D) \(\mathrm { P } ( \mathrm { x } ) = 220 \mathrm { x } + 2200\)

---

Definitions:

Income Levels

The range of earnings of individuals or groups, reflecting economic status, which can influence buying power and standard of living.

Trade Restrictions

Measures such as tariffs, quotas, and embargoes that governments use to control the amount of trade across their borders.

Free Trade

Free trade is a policy of minimal restrictions on the international exchange of goods and services, allowing goods to move freely across borders.

Partially Valid

Refers to something being correct or effective only to a certain extent or in specific circumstances.