1 / 4

Combining functions: Revenue, Cost, and Profit

Combining functions: Revenue, Cost, and Profit. The revenue, cost, and profit for a product, each in terms of dollars for sales of x units, are given below:. Revenue. Cost. Profit. We can refer to the function P as the difference of functions R and C.

makoto
Download Presentation

Combining functions: Revenue, Cost, and Profit

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Combining functions: Revenue, Cost, and Profit The revenue, cost, and profit for a product, each in terms of dollars for sales of x units, are given below: Revenue Cost Profit We can refer to the function P as the difference of functions R and C

  2. It can also be seen from the graph that profit is the difference of revenue and cost Revenue Profit revenue - cost profit Cost

  3. Composition of functions: Evaporation rate Expected temperature T(h) for August 24 is a function of hour of day: Evaporation rate E(T) of a small lake is a function of outside temperature: What do you expect the evaporation rate to be at 2:00? Define evaporation rate as a function of hour of day: We can refer to the function P as the composition of functions E and T

  4. Summary of combinations of functions

More Related