If \( R(x) \) is the total revenue received and \( C(x) \) is the total cost incurred in the production of x units of a commodity, then the profit function \( P(x) \)
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → \( P(x)=R(x)-C(x) \)
Profit is what remains of the revenue after the cost has been met:
\( \displaystyle \text{Profit}=\text{Total revenue}-\text{Total cost} \)
\( \displaystyle P(x)=R(x)-C(x) \)
CBSE Applied Mathematics (Class XII):
Maxima and Minima
