Finding revenue function, given cost and demand functions.

allysonsmith12

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It has been determined that the cost of producing x units of a certain item is 5x + 255. The demand function is given by p = D (x) = 43 - 0.45x.

Find the revenue function.




teacher is not that good at explaining things down

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Please help



It has been determined that the cost of producing x units of a certain item is 5x + 255. The demand function is given by p = D (x) = 43 - 0.45x.

Find the revenue function.




teacher is not that good at explaining things down

What is the definition of Revenue Function? - use Google to search for definition.
 
Last edited by a moderator:
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