Question

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) _____________________________.

 

  a.

P(q) = 3q + 2000

  b.

P(q) = 5q + 2000

  c.

P(q) = 11q – 2000

  d.

P(q) = 5q – 2000

  e.

None of these

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