The Cost in Dollars of Producing X Fruit Baskets Is

question 137

Multiple Choice

The cost in dollars of producing x fruit baskets is C(x) = 8.5x + 10. The revenue received is R(x) = 24.95x. The profit is the revenue minus the cost. Write and simplify a function P that Represents the profit.

• A) P(x) = -16.45x - 10
• B) P(x) = 16.45x - 10
• C) P(x) = 16.45x + 10
• D) P(x) = 33.45x + 10

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Definitions:

Production Possibilities Frontier

A curve depicting the maximum viable combination of two products that can be produced in an economy, assuming all resources are fully and efficiently utilized.

Economize

To reduce expenses or to use resources carefully and efficiently to reduce waste and save money.

Full Production

The level of production where a company uses all its resources efficiently.

Unemployment Rate

The part of the labor force that is without employment but is actively interested in finding a job.