Question
Cost(in $) of manufacturing an item is C(x) = 2x + 35 and Revenue (in $) from its sales is R(x) = - x2
Cost(in $) of manufacturing an item is C(x) = 2x + 35 and Revenue (in $) from its sales is R(x) = - x2 + 122 x - 365. What is the correct interpretation of y-intercept of the profit function? When no item is sold there is loss of $120. When no item is sold Profit is Zero. O When no item is sold there is loss of $365. When no item is sold there is loss of $400.
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
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