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

question 82

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 and C(x) = 3x + 13, find the
Equation for P(x) .

---

Definitions:

Philadelphia Real Estate

The market and industry relating to the buying, selling, and development of property in Philadelphia, Pennsylvania.

Trading Goods

The act of buying, selling, or exchanging commodities within domestic or international markets.

Joseph Smith

The founder of the Latter Day Saint movement, which includes religions like the Church of Jesus Christ of Latter-day Saints, widely known as the Mormon Church.

Mormon Religion

A religious faith founded by Joseph Smith in the early 19th century, officially known as The Church of Jesus Christ of Latter-day Saints, emphasizing restorationist Christianity and a unique set of canonical scriptures.