If the cost function and the profit function for a company is given by and respectively , where X represent units of output, then the revenue function is given by :
If the cost function and the profit function for a company is given by and respectively , where X represent units of output, then the revenue function is given by :
Solution
✅ Correct Option: 1
Profit = Revenue - Cost, so Revenue R(x) = P(x) + C(x).
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