Solve the Problem. -In Economics, Functions That Involve Revenue, Cost and Profit Are

question 134

Multiple Choice

Solve the problem.
-In economics, functions that involve revenue, cost and profit are used. Suppose R(x) and C(x) denote the total revenue and the total cost, respectively, of producing a new high-tech widget. The difference P(x) = R(x) - C(x)
Represents the total profit for producing x widgets. Given x widgets. Given and C(x) = 3x + 13, find the
Equation for P(x) .

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Definitions:

Balance Sheet

A document detailing a corporation's assets, debts, and owner's equity at a certain point in time.

Marital Status

A legal or social recognition of a person's relationship status, such as single, married, divorced, or widowed.

Unemployment Tax

Taxes imposed on employers by government agencies to fund unemployment insurance and compensation programs for workers who have lost their jobs.

Social Security Tax

Taxes collected by governments from employees and employers to fund the social security program, supporting retirees, disabled persons, and survivors.