PLEASE HEL Earl's Biking Company manufactures and sells bikes. Each bike costs $40 to make, and the company's fixed costs are $5000. In addition, Earl
knows that the price of each bike comes from the price function, p(x) =
300 -2x. (x = quantity produced)
Determine:
1. The company's revenue function, R(x). (10%)
R= (quantity) (price)
R=x ( 300-2x)
R = 300x - 2x2 Answer
2. The company's expense function, E(x). (30%)
3. The company's profit function, P(x) (30%)