Mathematically, the cost of goods is likewise a business office of supply. The simplest bidding business office is the linear offering business office amongst the full general cast of the bid business office every bit follows:
Formula of Supply Function inwards Math
P = Po + mx
Information :
P = Unit cost per unit
Po = Lowest special cost when x = 0 (Po > 0)
x = Number of goods (x > 0)
m = business office slope amongst a ever positive value (m > 0)
The furnish bend ever lies inwards quadrant I as well as rises from left to bottom right.
Example of Supply Function
In a constabulary of furnish of goods obtained data: if the cost of goods $900 per unit of measurement thus the publish of goods offered xx units, as well as if the cost of goods $1,200 per unit of measurement thus the publish of goods offered fifty units. Determine the formula of the bid function!Answer:
- For p = 900 as well as x = xx the equation is obtained: 900 = Po + 20m
- For p = 1,200 as well as x = fifty nosotros larn the equation: 1,200 = Po + 50m
From equation one as well as two if Po is eliminated, thus it is obtained:
Substitute the value m = 10 to equation 1, thus it is obtained:
900 = Po + 20m
900 = Po + 20(10)
900 = Po + 200
900 - 200 = Po + 200 - 200
700 = Po
So the furnish business office is P = 10x + 700.
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Referensi :
- To'Ali's majority math grouping accounting as well as sales