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Assessment
If a business has a revenue function R(x) = 50x and a cost function C(x) = 30x + 200, what is the break-even point?
4
10
6
2
In a competitive market, the supply function is represented as S(p) = 2p + 10. What is the supply when the price is $20?
50
60
70
80
A company predicts that for every additional unit sold, total costs increase by $15 and revenue increases by $25. What is the marginal profit per unit?
$10
$15
$25
$5
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