Profit function in terms of x = 33x + 390.
What is a profit in business?
- In its simplest form, it's the amount left after subtracting your total expenses from your total revenue.
- The money remaining, your profits, can either be kept in the business and re-invested to finance future growth, or distributed as a draw or dividends to stakeholders.
Given that revenue, in dollars, of a company that makes skateboards can be modeled by the polynomial
[tex]2x^{3} + 30x - 130[/tex]
The cost, in dollars, of producing the skateboards can be modeled by
[tex]2x^{3} -3x - 520[/tex]
Profit function = Revenue - cost
= [tex]2x^{3} + 30x - 130 - ( 2x^{3} - 3x - 520)[/tex]
= 33x + 390
Therefore, profit function in terms of x = 33x + 390
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