In economics, functions that involve revenue, cost and profit are used. Suppose R(x) and C(x) denote the total revenue and the total cost, respectively, of producing a new high-tech widget. The difference represents the total profit for producing x widgets. Given R(x) = 60x - 0.4 and find P(100).

Question

In economics, functions that involve revenue, cost and profit are used. Suppose R(x) and C(x) denote the total revenue and the total cost, respectively, of producing a new high-tech widget. The difference  represents the total profit for producing x widgets. Given R(x) = 60x - 0.4  and  find P(100).

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The Answer of In economics, functions that involve revenue, cost and profit are used. Suppose R(x) and C(x) denote the total revenue and the total cost, respectively, of producing a new high-tech widget. The difference  represents the total profit for producing x widgets. Given R(x) = 60x - 0.4  and  find P(100).

In Economics, Functions That Involve Revenue, Cost and Profit Are