A company has a cost function C(q) = 3q + 2000 dollars and revenue function R(q) = 8q dollars
Find the equation of the profit function P(q) _____________________________.
P(q) = 3q + 2000
P(q) = 5q + 2000
P(q) = 11q – 2000
P(q) = 5q – 2000
None of these
We know that , profit is the difference between revenue and cost
So profit function =revenue f...
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