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I need help finding the total revenue function? A store sells toaster ovens for $41 each, retail price. The wholesale price to stock the ovens is $28 each. The fixed cost associated with acquiring the ovens, storing them in inventory, using shelf space, and advertising the ovens for sale is $1000. For the Cost function, I got 41x + 100
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* 41x+1000
the total revenue would be the price you sell the ovens for multiplied by the amount of ovens you sell
How do I determine that by my problem? is it 41x?
profit = revenue - cost = 41x - (28x + 1000) profit = 41x -(28x + 1000) = 13x - 1000
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