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Determine the total profit function, P(x)

Question

Determine the total profit function, P(x)

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Solution

The total profit function, P(x), is determined by subtracting the total cost function, C(x), from the revenue function, R(x).

From the previous steps, we know that:

C(x) = 300 + 19x (the total cost function) R(x) = 49x (the revenue function)

Therefore, the profit function, P(x), is the revenue function minus the cost function, which is:

P(x) = R(x) - C(x) P(x) = 49x - (300 + 19x)

Simplify the equation:

P(x) = 49x - 300 - 19x P(x) = 30x - 300

So, the total profit function is P(x) = 30x - 300.

This problem has been solved

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