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2 a business costs include the fixed cost of 5000 as well as the variable cost of 40 per bike.
Cost revenue and profit functions examples. If x represents the number of units sold we will name these two functions as follows. R x 200 x 200 25 5000. Find the revenue function. Profit 0 50 x 50 00 0.
P x r x c x 5000 4700 300 4700 came from part 1. R x the revenue function. Revenue is income cost is expense and the difference revenue cost is profit or loss. 3 the profit a business makes is equal to the revenue it takes in minus what it spends as costs.
Of up to 150. C x the cost function. Total revenue and total profit from selling 25 tables. Its cost in dollars for a run of hockey jerseys is a gymnast clothing sells the jerseys at 90 each.
Profit is defined to be revenue minus cost so the profit function is. Revenue function multiply the output level by the price function. Once again put x 25. If every cookie cost 50 cents to make our revenue function becomes.
C 50 0 10 x lemonade 0 50 x cookie. The profit function is just the revenue function minus the cost function. Calculating the profit function. P x r x c x.
Therefore our profit function equation will be as follows. The profit function equation is made up of two primary functions. Profit r c. Since the manufacturer sells the jerseys for 90 each the revenue function is b find the profit function.
The revenue function and the cost function.
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