O LIKES A profit equation can be constructed by subtracting the cost function from the revenue function. In the reading, these equations are C = 62n + 5,280 and R = 150n. By subtracting the cost function from the revenue function, we can determine if the firm generated a positive or a negative profit value. To find the break-even point, the profit equation is equated to zero, which indicates that the total cost of making the products is equal to the total revenue generated from the sales. At the breakeven point, the profit is equal to zero and the costs of the firm have been paid but it still needs to produce more than this level of production to earn a profit. To find the revenue and cost equation, without finding the profit equation, we must first identify the price of the product being sold, the fixed cost or one-time setup fee of production, and the variable cost of production. This condition allows us to construct the cost and revenue functions without knowing the profit equation. In the reading, the price of a product is $150 and the revenue function is generated by multiplying this value by the number of products sold. Lastly, from the one-time setup fee of $5,280 and the variable cost of $62, we can generate the cost function by adding the one-time setup fee and the product of the variable cost and the number of products sold. an hour ago O LIKES Can we set the cost equal to the revenue?

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Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products. 

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.