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the price received for a bicycle is given by the equation b = 100 – 10x2, where x is the number of bicycles produced, in millions. it costs the company $60 to make each bicycle. what is the profit function for the company? p = –10x2 – 60x 100 p = –10x3 40x p = – 10x2 40

Verified Answer :

Answer:

P = –10x3 + 40x

adioabiola

The profit function for the company is p = - 10x² - 60x + 100

  • Revenue function:

b = 100 – 10x²

  • Cost function:

C = 60 × x

C = 60x

where,

x = number of bicycles produced, in millions

Profit function, p = Revenue, b - Cost, c

= 100 – 10x² - 60x

p = - 10x² - 60x + 100

Therefore, the profit function for the company is p = - 10x² - 60x + 100

Learn more about profit function:

https://brainly.com/question/10009899

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