5
lesson pretestMultiple Choice

Pretest

Question 5 • Financial Math

EcoAuto is a company that produces eco-friendly electric cars. The company has the following financial functions: - Revenue function: R⁡(q)=300⁢q−3⁢q^2 where: q is the number of electric cars sold. - Expense function: E⁡(q)=4,000+50⁢q where: q is the number of electric cars produced. What is the profit equation P⁡(q) for EcoAuto in terms of the quantity q of cars produced and sold?

Answer
A
P⁡(q)=3⁢q2+250⁢q−4,000
B
P⁡(q)=3⁢q2−250⁢q+4,000
C
P⁡(q)=−3⁢q2+300⁢q−4,000
D
P⁡(q)=−3⁢q2+250⁢q−4,000
Previous
Next