Answer:
[tex]P(x)=-2x^2+34x+98[/tex]
Step-by-step explanation:
The cost function is given by [tex]c(x)=21x-98[/tex]
And the revenue function is given by [tex]r(x)=55x-2x^2[/tex]
The profit function is the difference of revenue function and the cost function. Mathematically, we can write
[tex]P(x)=r(x)-c(x)[/tex]
Substituting the values, we get
[tex]P(x)=55x-2x^2-(21x-98)\\\\P(x)=-2x^2+34x+98[/tex]
Therefore, the profit function is
[tex]P(x)=-2x^2+34x+98[/tex]
C is the correct option.