A law firm observed that if their notary fee was P120.00, then they would have 10 clients. However, if their fee became P90.00, then they would have 20 clients instead. Let x be the number of clients, and p be the notary fee.
a. Assuming that their fee and number of clients have a linear relationship, find the equation relating p and x.
b. Express the firm’s revenue, R(x), as a function of x.
c. If the cost function of the firm is C(x)=15x +1,050, find the profit function P(x).
d. Find the breakeven point(s) of the firm.
Share
Answer:
letter c.
#hopeithelps