The total cost for producing 1000 units of a commodity is $5.3 million, and the revenue generated by the sale of 1000 units is $7.1 million. (a) What is the profit on 1000 units of the commodity? P(1000) = $ million (b) Assuming C(q) represents total cost and R(q) represents revenue for the production and sale of q units of a commodity, write an expression for profit. P(q) = R(q) C(q) million dollars gives the profit from the production and sale of q units of a commodity. P(q) = R(q) · C(q) million dollars gives the profit from the production and sale of q units of a commodity. P(q) = R(q) − C(q) million dollars gives the profit from the production and sale of q units of a commodity. P(q) = C(q) − R(q) million dollars gives the profit from the production and sale of q units of a commodity. P(q) = C(q) + R(q) million dollars gives the profit from the production and sale of q units of a commodity.

The total cost for producing 1000 units of a commodity is $5.3 million, and the revenue generated by the sale of 1000 units is $7.1 million. (a) What is the profit on 1000 units of the commodity? P(1000) = $ million (b) Assuming C(q) represents total cost and R(q) represents revenue for the production and sale of q units of a commodity, write an expression for profit. P(q) = R(q) C(q) million dollars gives the profit from the production and sale of q units of a commodity. P(q) = R(q) · C(q) million dollars gives the profit from the production and sale of q units of a commodity. P(q) = R(q) − C(q) million dollars gives the profit from the production and sale of q units of a commodity. P(q) = C(q) − R(q) million dollars gives the profit from the production and sale of q units of a commodity. P(q) = C(q) + R(q) million dollars gives the profit from the production and sale of q units of a commodity.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section4.2: Modeling With Linear Functions

Problem 58SE: When hired at a new job selling electronics, you aregiven two pay options: • Option A: Base salary...

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