Create Cost, Revenue, and Profit Functions

In this example problem, we create a cost function by including fixed costs and variable costs. The revenue is made by multiplying the selling price by the number sold. The Profit Function is created by using the Revenue function and Subtracting the Cost function. We then evaluate each at a given quantity. This video contains examples that are from Business Calculus, 1st ed, by Calaway, Hoffman, Lippman. from the Open Course Library, remixed from Dale Hoffman's Contemporary Calculus text. It was extended by David Lippman to add several additional topics. The text is licensed under the Creative Commons Attribution license. http://creativecommons.org/licenses/b...