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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Answer:
You can use JavaScript, HTML, PHP and so forth.
Explanation:
Answer:
Promotes innovation by advancing measurement standards
Explanation:
The National Institute of Standards and Technology was Founded in the year 1901, this agency is a non-regulatory body that is found within the United States Department of Commerce.
The mission of this agency is the promotion of innovation and also industrial competitiveness through the advancing of measurement science, standards, and also technology in several ways that raises economic security and also brings about improvement in the quality of life.
Answer:
1, 4, 7
Explanation:
The instruction in the question can be represented as:
for i in range(1,10,3):
print i
What the above code does is that:
It starts printing the value of i from 1
Increment by 3
Then stop printing at 9 (i.e.. 10 - 1)
So: The sequence is as follows
Print 1
Add 3, to give 4
Print 4
Add 3, to give 7
Print 7
Add 3, to give 10 (10 > 10 - 1).
So, it stops execution.
