Business Mathematics
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Have you seen any graphs in a meeting at work or in a business situation that you thought were useful? Do you think graphs are useful for describing functions, or do they have the potential to cause even more confusion?
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This solution is comprised of detailed explanation and step-by-step calculation of the given problem and provides students with a clear perspective of the underlying concepts.
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Graphs are very much useful in describing various functions related to business.
Let us consider an example for a better illustration.
Suppose the equations S=5000 + 200x and D=9500-100x express the supply S and the demand D, respectively, for a particular business firm, in terms of its price x (in dollars).
From the graph of this ...
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- MSc, Osmania University
- MSc, Indian Institute of Technology - Roorkee (I.I.T.-ROORKEE)
- BSc, Banaras Hindu University
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