If the price function for a given product is p_r(x) = 10 - 3x which of the following options represents the correct total revenue function? A) R = 10x + 3x² B) R = 10x - 3x² C) R = 10x - 3x D) R = 10x + 3x

Question

Quizplus · Accepted Answer

The total revenue function, R, is found by multiplying the price function, p(x), by the quantity sold, x. Given p(x) = 10 - 3x, the total revenue function is R = x(10 - 3x) = 10x - 3x^2.

If the Price Function for a Given Product Is Pr(x)

If the Price Function for a Given Product Is P_r(x)