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

Angles, samuel left mauritius at 22:30 on saturday and travelled to london ...

samuel left mauritius at 22:30 on saturday and travelled to london (GMT) for 14h30min he had a stopover for 4 h in london and he continued to travel to toronto for another 6h20min

Find the coordinates of the other two vertices, The two opposite vertices o...

The two opposite vertices of a square are (-1, 2) and (3, 2). Find the coordinates of the other two vertices.

Explain how we converting fractions to percents, Explain how we Converting ...

Explain how we Converting Fractions to Percents ? To convert a fraction to a percent: 1. Convert the fraction to a decimal using long division. 2. Move the decimal point two p

Childrens errors are a natural and inevitable part, Childrens errors are a ...

Childrens errors are a natural and inevitable part of their process of learning. In the process of grasping new concepts, children apply their existing understanding, which may

Basic operations for complex numbers, Now we have to discuss the basic oper...

Now we have to discuss the basic operations for complex numbers. We'll begin with addition & subtraction. The simplest way to think of adding and/or subtracting complex numbers is

#algebra 2 .., encoded with the matrix -3 -7 and 4 9. what lights up a socc...

encoded with the matrix -3 -7 and 4 9. what lights up a soccer stadium? ecoded message: {-3 - 7} {3 2 } {3 6} {57 127} {52 127} {77 173} {23 51)

Basic operations on fractions, A simple example of fraction would be ...

A simple example of fraction would be a rational number of the form p/q, where q ≠ 0. In fractions also we come across different types of them. The two fractions

Area and perimeter, a garden is constructed with a 3ft patio all around how...

a garden is constructed with a 3ft patio all around how would you give the expression for the area of the garden, excluding the patio

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