Formula for profit percentage?
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I'll use subscript notation for brevity, i.e. .
By the chain rule,
We have
and
When , we have
and the partial derivatives take on values of
So we end up with
I'll use subscript notation for brevity, i.e. .
By the chain rule,
We have
and
When , we have
and the partial derivatives take on values of
So we end up with