Suppose C(x), R(x), and P(x) are the total cost, revenue, and profit of producing items. Match the descriptions to the functions. C(x) 1. C(x) 2. R(x) = 3. P(x)= 4. C'(x) 5. R (ar) 6. P' (2) 1. 2. 3. 4. 5. 6. R(2) 20 P(x) [Choose ] [Choose ] [Choose l [Choose marginal average profit marginal revenue marginal cost marginal profit average revenue marginal average revenue marginal average cost average cost average profit [Choose ]
Suppose C(x), R(x), and P(x) are the total cost, revenue, and profit of producing items. Match the descriptions to the functions. C(x) 1. C(x) 2. R(x) = 3. P(x)= 4. C'(x) 5. R (ar) 6. P' (2) 1. 2. 3. 4. 5. 6. R(2) 20 P(x) [Choose ] [Choose ] [Choose l [Choose marginal average profit marginal revenue marginal cost marginal profit average revenue marginal average revenue marginal average cost average cost average profit [Choose ]
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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match the descirption to the functions
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![Suppose C(x), R(x), and P(x) are the total cost, revenue, and profit of producing # items.
Match the descriptions to the functions.
C(x)
1. C(x) =
2. R(x)
3. P(x) =
4. C'(x)
5. R' (a)
6. P' (2)
1.
2.
3.
4.
5.
=
6.
R(2)
2
P(x)
[Choose ]
[Choose ]
[Choose 1
[Choose]
marginal average profit
marginal revenue
marginal cost
marginal profit
average revenue
marginal average revenue
marginal average cost
average cost
average profit
[Choose ]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F78104a3a-0948-44ea-9869-6cacf25e66c4%2F8f263627-c2d1-4e22-a97f-26d235ed24ca%2F43ckynt_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose C(x), R(x), and P(x) are the total cost, revenue, and profit of producing # items.
Match the descriptions to the functions.
C(x)
1. C(x) =
2. R(x)
3. P(x) =
4. C'(x)
5. R' (a)
6. P' (2)
1.
2.
3.
4.
5.
=
6.
R(2)
2
P(x)
[Choose ]
[Choose ]
[Choose 1
[Choose]
marginal average profit
marginal revenue
marginal cost
marginal profit
average revenue
marginal average revenue
marginal average cost
average cost
average profit
[Choose ]
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