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timed test this test has a time limit of 1 hour and 40 minutes. this test will save and submit automatically when the time expires. warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain.
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question 10
let ( p(x) ) be the profit earned when ( x ) units are sold. let ( r(x) ) and ( c(x) ) be the corresponding revenue and total - cost functions, respectively. then ( r(x)=p(x)-c(x) )
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moving to another question will save this response.
Step1: Recall profit - revenue - cost formula
The formula for profit $P(x)$ is $P(x)=R(x)-C(x)$, where $R(x)$ is revenue and $C(x)$ is cost.
Step2: Rearrange the formula
Rearranging the profit formula gives $R(x)=P(x) + C(x)$, not $R(x)=P(x)-C(x)$.
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