Assuming that this company sells all that it produces, the profit function would be given by P(x) = -0.5(x - 100)² + 5,000 - 50x - 100.
<h3>What is profit?</h3>
In Economics, profit can be defined as a measure of the amount of money (revenue) that is generated when the selling price is deducted from the cost price of a good or service, which is usually provided by producers.
This ultimately implies that, all producers generally work to maximize their profits and make them as large as possible, in order to enable them break even and successful.
Mathematically, the profit function P(x) of a business firm simply refers to the revenue function R(x) minus the cost function C(x):
P(x) = R(x) - C(x)
Where:
- R(x) represents how much it takes in.
- C(x) represents how much it spends.
Substituting the given parameters into the formula, we have;
P(x) = -0.5(x - 100)² + 5,000 - (50x + 100)
P(x) = -0.5(x - 100)² + 5,000 - 50x - 100
Read more on maximized profit here: brainly.com/question/13800671
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Answer:
I. Algorithms can be written using pseudocode.
II. Algorithms can be visualized using flowcharts.
Explanation:
An algorithm can be defined as a standard formula or procedures which comprises of set of finite steps or instructions for solving a problem on a computer. The time complexity is a measure of the amount of time required by an algorithm to run till its completion of the task with respect to the length of the input.
The two statements which are true about algorithms are;
I. Algorithms can be written using pseudocode. A pseudocode refers to the description of the steps contained in an algorithm using a plain or natural language.
II. Algorithms can be visualized using flowcharts. A flowchart can be defined as a graphical representation of an algorithm for a process or workflow.
Basically, a flowchart make use of standard symbols such as arrows, rectangle, diamond and an oval to graphically represent the steps associated with a system, process or workflow sequentially i.e from the beginning (start) to the end (finish).
Answer:
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Explanation:
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