The Figure Shows the Graphs of the Cost and Revenue

question 207

Multiple Choice

The figure shows the graphs of the cost and revenue functions for a company that manufactures and sells
binoculars. Use the information in the figure to answer the question.

-Use the revenue and cost functions to write the profit function from producing and selling x binoculars.

• A)P(x)= 2x - 1500
• B)P(x)= 2x + 1500
• C)P(x)= 4x + 1500
• D)P(x)= 4x - 1500

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Definitions:

Output

The amount of goods or services produced by a company, industry, or economy within a specified period.

Legal Restrictions

Rules and regulations imposed by law that limit or define the actions individuals or organizations can perform.

Intensity of Competition

The degree of rivalry among firms in a particular market, heavily influencing their pricing, marketing, and product development strategies.

Lobby Government

The act of attempting to influence government officials' decisions or policies, typically conducted by individuals, companies, or organizations.