Question

Kim owns a start-up business that creates software apps. The graph shows her business's revenue function. What is the correct

Answer 1

The business can turn a profit by cutting costs.The sum of the units sold times the price per unit is the revenue.Multiply the output level by the pricing function to get the revenue function.

How can the business save expenses?

• Total revenue is important because it gives businesses a high level understanding of the relationship between pricing and consumer demand for an additional unit of product at any given time. The total revenue formula is simply: TR = P * Q (Total Revenue = Price * Quantity Sold)

changing the personnel.

• using less expensive substitute raw materials.

• enhancing the pace of production.

• Profit for a business is the amount of income that remains after all expenses are paid.

• The profit would increase if these costs were decreased because less income would be needed to pay for manufacturing costs.
• production crew salaries and raw materials
• The entire income generated from the sale of x units of the product is represented by the revenue function R(x).
• The total profit made from producing and selling the x units of the product is represented by the profit function, P(x).

• Price of goods or services divided by the quantity or number of clients equals revenue.

• For instance, if a business sells 10 computers for $50,000 each, it may figure out its gross income using the following formula:Gross revenue = ₹50,000 × 10 = ₹500,000.

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