Maxime Ltd. has established their products selling price as P=$24 -0.2X, where X represents the number of units sold. They also estimate their variable costs to be $2 per unit plus fixed cost of $300. Determine the revenue function.

Question 1 options:

R(x)=price x quantity

R(x)=price x quantity + 2

R(x)=2(price x quantity)

R(x)=price x 2(quantity)