Math1313-Section1.3-Blank

# Math1313-Section1.3-Blank - Section 1.3 Linear Functions...

This preview shows pages 1–2. Sign up to view the full content.

Section 1.3 Linear Functions and Math Models Simple Depreciation Example 1: In 2000, the B&C Company installed a new machine in one of its factories at a cost of \$250,000. The machine is depreciated linearly over 10 years with a scrap value of \$10,000. a. Find the rate of depreciation for this machine. b. Find an expression for the machine’s book value in the t -th year of use (0 t 10). c. Find the machine’s book value at the end of the 7 th year. Linear Cost, Revenue and Profit Functions If x is the number of units of a product manufactured or sold at a company then, the cost function , C ( x ), is the total cost of manufacturing x units of the product, the revenue function , R ( x ), is the total revenue realized from the sale of x units of the product, and the profit function , P ( x ), is the total profit realized from manufacturing and selling x units of the product. Fixed costs are costs that remain more or less constant regardless of the company’s activity level.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 2

Math1313-Section1.3-Blank - Section 1.3 Linear Functions...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online