## Example of function, Mathematics

Assignment Help:

Example

Suppose the demand and cost functions are given by

Q = 21 - 0.1P and C = 200 + 10Q

Where,

Q - Quantity sold

P - Price per unit sold

C - Cost of production.

We can compute the revenue and profit as:

 Revenue = Q x P = Q[210 - 10Q] = 210Q - 10Q2 Profit = Revenue - Cost = 210Q - 10Q2 - [200 +10Q] = -10Q2 + 200Q - 200

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