Precalculus- Lesson 5-4 Function Notation: Economic Functions

Introduce economic functions and basic ways to interpret and simplify the functions

[zacharyreed]

1. revenue is the total money collected by a company/ profit is the revenue minus the cost
2. the price demand function is the number of products demanded to a given price.

[le_concha]

The revenu Function calculates how much money someone receives from their sales for a specific amount of time while the profit funtion calculates how much money was gained from slaes in the specific amount of time.
The price demand function calculates how much a specific amount of the product is worth.

[brendanlee]

1.) How to use functions to model economic arithmetic.
2.) The revenue is the total money a business receives and profit is the amount of money left after paying the cost of the production of the product.
3.) The price function, p(x)=x, is a way to model the price of a product using x as the amount of product sold and y or p(x) as the price needed to sell the x amount of products.

[melanyromo]

2.) Revenue is the total amount earned from the products, while calculates the money earned after costs are paid when the products are produced and sold
3.) it finds the value per item

[eirenevorhees]

Revenue is how much money is made after selling, profit is how much income you receive after factoring out the cost.
The price demand function calculates what the price is per item.

[jaydenschuster]

1. I learned how to examine real-life scenarios of function arithmetic from Economics.
2. revenue - the total money collected after selling a certain number of items at a price
profit - money earned after after costs are paid when a certain number of items are produced and sold
3. The price demand function is what you would expect to receive when you sell a certain number of items.

[carlosmiguelclemente]

2. Revenue is the total money collect and profit is the net gain of money
3. The price demand function shows the cost per item

[marcilinolamiy]

1. Today I learned more stuff about economic functions.
2. Revenue is the amount of money that is received and profit is the amount of money that is left.
3. So it's basically x is the amount of money of how many of the products.

[miaorona]

1) We learned how to examine real life scenarios of function arithmetic from economics
2) Revenue is the calculation of the total money collected by selling x items and profit is the calculation of money earned after costs are paid when x items are produced and sold
3) The price demand function is how much it costs for each individual item