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

#title LOGIC, HOW MANY ZERO ARE THERE AT THE END OF 200

HOW MANY ZERO ARE THERE AT THE END OF 200

Equation, how do you slove 4u-5=2u-13

how do you slove 4u-5=2u-13

Plot your data on a scatter plot, Devise data that link a certain relations...

Devise data that link a certain relationship OF YOUR CHOOSING between two variables. Write a rationale stating why you chose this particular data and what you are planning to STAT

Calculate the area and perimeter of a right triangle, Calculate the area an...

Calculate the area and perimeter of a right triangle: Calculate the area and perimeter of a right triangle with a 9" base and sides measuring 12 and 15.  Be sure to involve th

Substitution rule, Substitution Rule ∫ f ( g ( x )) g′ ( x ) dx = ∫ f (...

Substitution Rule ∫ f ( g ( x )) g′ ( x ) dx = ∫ f (u ) du,     where, u = g ( x ) we can't do the following integrals through general rule. This looks considerably

Determine the volume of the pool, An inground pool is pooring with water. T...

An inground pool is pooring with water. The shallow end is 3 ft deep and gradually slopes to the deepest end, which is 10 ft deep. The width of the pool is 30 ft and the length is

Ratios, 450 students. if there are 50 more boys than girls, how many boys a...

450 students. if there are 50 more boys than girls, how many boys and girls are there?

Prove the arithmetic progressions equation, Prove that a m + n + a m - n ...

Prove that a m + n + a m - n  =2a m Ans:    a m + n = a 1 + (m + n - 1) d a m-n = a 1 + (m - n -1) d a m = a 1 + (m-1) d Add 1 & 2 a m+n + a m-n  =

Learning, my math skills are keeping me from getting my ged need help in al...

my math skills are keeping me from getting my ged need help in all areas

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