Question

Suppose a company's revenue R (in dollars) from the sale of x units of its product is given by R = 260x. Suppose further that the total costs C (in dollars) of producing those x units is given by____________.

Answer 1

C(x) = R(x) - P(x)

C(x) = 260x - P(x)

Explanation:

I think some information is missing in the question. However, symbolically, the answer for Total Cost (C(x)) = 260x - P(x), where P(x) is the profit.

Basically, we derived that from:

P(x) = C(x) - R(x).,

By making C(x) subject of formula, we have:

C(x) = R(x) - P(x)

Since, we only know the value of R = 260x, then, we have;

C(x) = 260x - P(x)