The monthly demand function for a product sold by a monopoly

Last updated: 7/18/2022

The monthly demand function for a product sold by a monopoly is p = 1,896 - x² dollars, and the average cost is C = 1,000+ 4x + x² dollars. Production is limited to 1,000 units, and x is n hundreds of units. Find the revenue function, R(x). R(x) = Find the cost function, C(x). C(x) = Find the profit function, P(x). P(x) = (a) Find P(x). P(x) =