Total Cost and Revenue Are Approximated by the Functions

question 67

Short Answer

Total cost and revenue are approximated by the functions and , both in dollars.
A. What is the fixed cost?
B. What is the profit function?

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Definitions:

Appetitive

Refers to behaviors or processes associated with seeking out and approaching positive or desired stimuli.

Fixed Patterns

A term that refers to repeatable and predictable behaviors or sequences observed in natural or designed systems.

Taxes

Movements or orientations of an organism in response to external stimuli.

Fixed Action Patterns

Instinctive behavioral sequences that are relatively invariant within the species and are triggered by specific stimuli.