Question:
The total revenue function for a certain product is given by
Last updated: 7/9/2022
The total revenue function for a certain product is given by R = 1060x dollars, and the total cost function for this product is C = 30,000+40x + x² dollars, where x is the number of units of the product that are produced and sold. a. Which function is quadratic, and which is linear? b. Find the profit function for this product from these two functions. c. Is the profit function a linear function, a quadratic function, or neither of these?