Use the revenue and cost functions below, to answer parts (A). (B). and (C). (C) Choose the best graph of the profit function using the points from the table. R(x) = 75x- 3x 1sxs20 O A. OB. C(x) = 125 + 15x 1sxs20 200 (A) What is the profit function? Q P(x) = O -200- -200- What is the domain of the profit function? O A. (0,75] O B. [0,163] OC. (1,20] OD. [0,20] Oc. OD. 200 200 (B) Complete the table. x (Millions) Profit P(x) (Millions S) - 68 4 8 12 16 20

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.2P
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Use the revenue and cost functions below, to answer parts (A), (B), and (C.
(C) Choose the best graph of the profit function using the points from the table.
R(x) = 75x – 3x?
1sxs20
Ο Α.
OB.
C(x) = 125 + 15x
1sxs20
200-
200-
(A) What is the profit function?
P(x) =
-200-
-200-
What is the domain of the profit function?
O A. [0,75]
О В. [0,163]
OC. [1,20]
O D. [0,20]
OC.
OD.
200-
200-
24
-200-
-200-
(B) Complete the table.
Profit
P(x) (Millions $)
- 68
x (Millions)
1
4
8
12
16
20
Transcribed Image Text:Use the revenue and cost functions below, to answer parts (A), (B), and (C. (C) Choose the best graph of the profit function using the points from the table. R(x) = 75x – 3x? 1sxs20 Ο Α. OB. C(x) = 125 + 15x 1sxs20 200- 200- (A) What is the profit function? P(x) = -200- -200- What is the domain of the profit function? O A. [0,75] О В. [0,163] OC. [1,20] O D. [0,20] OC. OD. 200- 200- 24 -200- -200- (B) Complete the table. Profit P(x) (Millions $) - 68 x (Millions) 1 4 8 12 16 20
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