Math 1: Functions and their Applications

Beschreibung

Chapter 1.
Suhi Son
Notiz von Suhi Son, aktualisiert more than 1 year ago
Suhi Son
Erstellt von Suhi Son vor fast 5 Jahre
2
0

Zusammenfassung der Ressource

Seite 1

In general the two related variables x and y are such that values of y depend on the values of x, then x is called independent variable and y is called dependent variable.  ECONOMIC FUNCTIONS: 1. Demand function: p = f (D) 2. Supply function: p = f (S) 3. Equilibrium: D = S 4. Total Revenue Function: R = p.d 5. Average Revenue Function: AR = R ÷ D = p 6. Total Cost Function: C(x)= FC + V(x), where C equals total production cost, FC is total fixed costs, V is variable cost and x is the number of units.  7. Average Cost Function: AC = C ÷ x 8. Profit function: Profit = R - C If R is greater than C then profit  If R is less than C then loss If R = C then break-even point.

Zusammenfassung anzeigen Zusammenfassung ausblenden

ähnlicher Inhalt

Pythagorean Theorem Quiz
Selam H
Geometry Vocabulary
patticlj
Algebra 2 Quality Core
Niat Habtemariam
The SAT Math test essentials list
lizcortland
How to improve your SAT math score
Brad Hegarty
GCSE Maths: Pythagoras theorem
Landon Valencia
Edexcel GCSE Maths Specification - Algebra
Charlie Turner
Mathematics
Corey Lance
Graph Theory
Will Rickard
Projectiles
Alex Burden
GRE Study Precalc
Marissa Miller