Answer
A company’s revenue function is the money generated by selling units of its product. The difference between this function and the company’s cost function is called its profit function.
Work Step by Step
The profit, \[P\left( x \right)\], generated after producing and selling its \[x\]units of a product is given by the profit function as,
\[P\left( x \right)=R\left( x \right)-C\left( x \right)\]
where, \[R\left( x \right)\]is the revenue function and \[C\left( x \right)\]is the cost function.
