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
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True, this is correct. There is no relation between page purpose and page quality, because the way they rate the quality of the page depends on the appearance and content of the page.
The raw materials of photosynthesis, water and carbon dioxide, enter the cells of the leaf, and the products of photosynthesis, sugar and oxygen, leave the leaf.
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The technician should document all that was done to try to solve the problem. A detailed record is a good practice to find solutions.
A detailed record documenting all steps by which a problem was solved is a good practice for technicians.
This documented record will help the computer technician to find the cause the next time.
Clear, accurate records support decision-making and solving problems in any job and profession.
Learn more about detailed records here:
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