Math1313-Section1.3-Blank

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

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

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