Question

What is the revenue function for the armband company if they sell each armband for $7?

a) R(x)=7x
b) R(x)=2x+5000
c) R(x)=x
d) R(x)=7

Answer 1

The correct revenue function for the armband company that sells each armband for $7 is R(x) = 7x, reflecting the total revenue as a product of the number of armbands sold and the price per armband.

Step-by-step explanation:

The revenue function for a company that sells items for a fixed price can be determined by multiplying the number of items sold by the price per item. If the armband company sells each armband for $7, the revenue R for selling x armbands is given by the function R(x) = 7x. This means for every armband sold, the revenue increases by $7. Hence, the correct option is a) R(x)=7x.