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A company's revenue and cost in dollars are given by R = 225x and C =...

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Economics

A company's revenue and cost in dollars are given by R = 225x and C = 75x + 60,000 where x is the number of items. Question 1 options: a) The Profit Function is R – C = 225X – 75X – 60,000, if the firm produces 500 units, it will make a profit of $15,000 b) The Profit Function is R – C = 225X – 75X + 60,0000, if the firm produces 500 units, it will make a profit of $40,000 c) The Profit Function is R – C = 225X – 75X – 60,000, if the firm produces units, it will make a profit of $31,000 d) The Profit Function is R – C = 225X – 75X – 60,000, if the firm produces units, it will make a loss of $45,000

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