Mathematically, the cost of goods is a share of demand. The simplest question share is the linear postulate share amongst the full general cast of the question share every bit follows:
Formula of Demand Function inwards Math
P = Po + mx
Information :
P = Unit cost per unit
Po = The highest cost of goods when 10 = 0 (P > 0)
x = Number of goods (x > = 0)
m = The share slope amongst a is ever negative (m < 0)
The postulate bend is ever inwards the outset quadrant too downward from the bottom to the bottom right.
Example of Demand Function
The highest cost on the postulate share of an detail is $8,000. If at the fourth dimension the cost is $6,000 the requested detail is 500 units, decide the linear postulate share too pigment the postulate curve!Answer :
P = $6,000
Po = $8,000
x = 500 units
P = Po + mx
$6,000 = $8,000 + 500m
$6,000 - $8,000 = $8,000 - $8,000 + 500m
-$2,000 = 500m
-$2,000/500 = 500m/500
-4 = m
So the Demand share is P = -4x + 8000
Using the regulation of icon a linear function, the P = -4x + 8000 bend tin live on illustrated every bit follows:
Similarly this article.
Sorry if in that place is a incorrect word.
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Referensi :
- To'Ali's mass math grouping accounting too sales