The formulas give the cost in revenue functions for a company that manufactures and sells a certain product. Cost C(X)=16,000+11x; Revenue R(X)=19x. Determine the profit function for the company.

Answer 1

Profit = P(x) = R(x) - C(x) = 19x - 16,000 -11x = -16,000 + 8x

P(x) = 8x - 16,000