A. WidgCo is a company that produces and sells widgets. The marketing department determines that the price per widget (p), measured in dollars, and the daily demand for widgets (x) are related by the following demand equation: L 2 4x… Show more. The cost of producingxwidgets is given by the function . Construct the profit function, .Group of answer choices -24x+ 650 P… Show more *+216x-65… Show more ” + 240x+650… Show more P – 24x- 50… Show more *+216x+650… Show moreB. WidgCo is a company that produces and sells widgets. Letpdenote the price per widget (measured in dollars), and letxbe the monthly demand for widgets. WidgCo’s marketing department determines thatpandxare related by the following demand equation: p(x) = 271 – 5x. The cost of producingxwidgets is given byC(x) = 1,467 + 33x. Construct the revenue function,R(x).Find the monthly revenue associated with a production level ofx= 44.Enter the answer to Part b in the box belowC. WidgCo is a company that produces and sells widgets. Let p denote the price per widget (measured in dollars), and let x be the monthly demand for widgets. WidgCo’s marketing department determines that p and x are related by the following demand equation: p(x) = 308 – 5x. The cost of producing x widgets is given by C(x) = 1,175 + 12x. Construct the profit function, P(x).Find the monthly profit associated with a production level of x = 32.Enter the answer to Part b in the box below.MathStatistics and Probability MATH 151
