Total profit is defined as total revenue, R(x), minus total cost, C(x), and is given by the function P(x) = R(x)- C(x). Given R(x)= 59x-0.4x and Cx)-D3x+14, findeach of the following.a) P(x)b) R(80), C(80), and P(80)P(x)=(Type in descending powers of x.)

Profit Function: Profit is the result from deducting the cost or the expenses to the revenue. It…

Answered: Total profit is defined as total…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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\table[[Cuantivy, \table[[Totil], [Cost]], \table [[Fined], [Cost]], \table[[Variable], [Cost]], \ table [[Marginal], [Cost]], \table[[Average], [ Fired], [Cost]], \table[[Average], [Variable], [ Cost]], \table [[Average], [Total], [Cost ]]], [0, 350, 350, 30, -, -,0,0 Quantity Total Cost 0 1 2 3 Q10. What is the value of A? & $25 b. $50 a $300 d. $200 $50 $150 G M Q11What is the value of B? & $25 b. $50 c. $100 d. $200 Q12 What is the value of C? & $25 C. $100 d $200 Fixed Variable Marginal Average Cost Cost Cost Fixed Cost $50 A B N 8-0 I - C $120 P le D J lo Q Average Variable Cost E K $120 Average Total Cost ✔ F L R
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Total profit is defined as total revenue, R(x), minus total cost, C(x), and is given by the function P(x) = R(x)-C(x). Given R(x)= 59x-0.4x and C(x) = 3x+ 14, find each of the following. a) P(x) b) R(80), C(80), and P(80) P(x) = (Type in descending powers of x.)