The total cost of a commodity is given by C = -x2 + 5x + 7 (x = number – InterviewSolution

1.

The total cost of a commodity is given by C = -x2 + 5x + 7 (x = number of unit) and the price per unit is Rs 12. Find the profit function.

Answer»

Given T.C = -x² + 5x + 7; T.R = 12x

profit function = p(x) = T.R. – T.C

= 12x -(-x² + 5x + 7) = x² + 7x + 7

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