Revenue, cost, and profit are studied in economics. If R(x) is a revenue function and C(x) is a cost function, then the profit function, P(x) is equal to: P(x) = R(x) – C(x)
Where x is the number of items manufactured and sold by a company.
A company builds and sells six products each week; assume that:
R(x) = (6x-7)/(x+2) and C(x) = (4x-13)/(x+3). Determine the profit function.
1. In your response, in addition to the standard requirement of noting what you have in common and where you differ with classmates, offer a suggestion as to how to improve your classmates’ comfort level with the topics we are studying this week.