Which problem can be solved using this equation?
2 answers:
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is the equation best represents the line.
Solution:
Take any two points on the line.
Let the points be (0, –4) and (4, 7).
General form of equation of a line is y = mx + c
where m is the slope and c is the y-intercept of the line.
<em>y-intercept is the point which line crosses at y-axis.</em>
In the given line, y-intercept is 4.
c = 4
Slope of the line:
Equation of the line:
y = mx + c
Hence is the equation best represents the line.
Given:
The revenue function is
The cost function is
To find:
The profit function.
Solution:
We know that, the total profit P is defined as total revenue R minus total cost C.
So, the profit function is
Therefore, the profit function is .