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cost and revenue of linear functions


label Mathematics
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Research a local business to find out what you can about its profits and costs. After doing so, complete 

the following tasks:

1. Write two linear functions—one to model a cost that the business has and the other to model the 

revenue of the business

Nov 23rd, 2017

business chosed in a grocery store 

T= fixed cost in terms of rent or utility bills 

X= being the number of items sold

N= being the variable cost incurred on the units sold which is X


COST FUNCTION WILL BE 

Cost function = fixed + variable costs 

then the cost function becomes 

C=T+N(x)


REVENUE FUNCTION WILL BE

P=price per unit

R = Price per unit * number of units. 
R = P(x)


PROFIT FUNCTION WILL BE 

Profit = Revenue - Cost 

Profit= p(x)- C


Sep 16th, 2014

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Nov 23rd, 2017
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Nov 23rd, 2017
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