Solve the Problem $C ( x ) = 19 x + 6000$

question 106

Multiple Choice

Solve the problem.
-You invested $6000 and started a business selling vases. Supplies cost $19 per vase and you are selling each vase for $29. Let x represent the number of vases produced and sold and write the cost function, C,
And revenue function, R.

• A) \(C ( x ) = 19 x + 6000\)
• \(R ( x ) = 29 x\)
• B) \(C ( x ) = 19 x + 29\)
• \(R ( x ) = 6000 x\)
• C) \(C ( x ) = 19 x + 6000\)
• \(\mathrm { R } ( \mathrm { x } ) = 29\)
• D) \(C ( x ) = 19 x + 6000 x\)
• \(R ( x ) = 29 x\)

---

Definitions:

Neoclassical Models

Economic models based on the principles of neoclassical economics that emphasize rational behavior, supply and demand equilibrium, and the efficiency of markets.

Behavioral Economics

A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions.

Nudges

Subtle policy or design changes aimed at influencing people's behavior in predictable ways without restricting their choices.

Heuristics

Simple, efficient rules or methods used to make judgments and decisions based on limited information, often leading to satisfactory but not always optimal solutions.