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

Related Discussions:- Example of function

If all the tickets are the similar price what was the cost, The total ticke...

The total ticket sales for a soccer game were $1,260; 210 tickets were purchased. If all the tickets are the similar price, what was the cost of a ticket? Divide the total sale

Sets, What is the subset of {a,b,c}

What is the subset of {a,b,c}

Student, Patio measures 24 meters square. Patio stone are 30 cm each side. ...

Patio measures 24 meters square. Patio stone are 30 cm each side. How many stones are required to cover the patio?

Example for comparison test for improper integrals, Example for Comparison ...

Example for Comparison Test for Improper Integrals Example:  Find out if the following integral is convergent or divergent. ∫ ∞ 2 (cos 2 x) / x 2 (dx) Solution

Matrix, how to find eigen value for the given matrix 122 021 -122

how to find eigen value for the given matrix 122 021 -122

Erin is painting a bathroom what is the area to be painted, Erin is paintin...

Erin is painting a bathroom along with four walls each measuring 8 ft through 5.5 ft. Ignoring the doors or windows, what is the area to be painted? The area of the room is the

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd