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Question Please look this over: If you can let me know if I have given the correct response: style=”color:rgb(0,0,0);background-color:transparent;”>Assume that the following has a linear cost function. Find the cost​ function, C(x), revenue​ function, R(x), and profit​ function, P(x), where x is the number of items produced​ (or sold). Fixed Cost = $300 Marginal Cost = $18 Item Cost = 30 C(x) = 30(x)+300 R(x) = 30*100 P(x) = Revenue – cost = 300-30

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Question

Please look this over: If you can let me know if I have given the correct response: style=”color:rgb(0,0,0);background-color:transparent;”>Assume that the following has a linear cost function. Find the cost​ function, C(x), revenue​ function, R(x), and profit​ function, P(x), where x is the number of items produced​ (or sold).Fixed Cost = $300Marginal Cost = $18Item Cost = 30
C(x) = 30(x)+300R(x) = 30*100P(x) = Revenue – cost = 300-30

 
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