SOLUTION: The equation of the revenue function, R(x).
Demand function: p = -2x + 2 700
Cost function: C(x) = 300x + 540 000
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Question 745384: The equation of the revenue function, R(x).
Demand function: p = -2x + 2 700
Cost function: C(x) = 300x + 540 000
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The equation of the revenue function, R(x).
Demand function: p = -2x + 2 700
Cost function: C(x) = 300x + 540 000
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R(x) = Demand - Cost
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= 300x + 540,000 -(-2x+2700)
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= 300x + 540,000 + 2x - 2700
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= 302x + 537300
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Cheers,
Stan H.
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