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Dec 6, 2025

10 pages

Introduction to Business Calculus Notes - Valencia College

Slopes and linear functions are the building blocks of algebra... Show more

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Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

Finding the Slope of a Line

Ever wondered how steep a line is? That's what slope tells us! The slope measures the steepness of a line using this formula: m = rise/run = ΔY/ΔX = Y2Y1Y₂-Y₁/X2X1X₂-X₁

The slope gives us important information about a line:

  • Positive slope: Line moves upward from left to right (increasing)
  • Negative slope: Line moves downward from left to right (decreasing)
  • Zero slope: Perfectly horizontal line ycoordinatesarethesamey-coordinates are the same
  • Undefined slope: Perfectly vertical line xcoordinatesarethesamex-coordinates are the same

When calculating slope, just plug the coordinates into the formula. For example, with points (-8,-5) and (-10,-9), we get: m = (-9-(-5))/(-10-(-8)) = -4/-2 = 2

Quick Tip: When you see a negative slope, think "downhill" - the line falls as you move right. A positive slope means the line climbs as you move right.

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

Graphing Lines Using Slope

You can easily graph a line when you know a point and its slope. For example, with point (-2,-3) and slope ½, start at the point and use the slope to find other points:

  • Slope ½ means "up 1, right 2" from your starting point
  • Plot these points and connect them with a line

When given an equation in slope-intercept form y=mx+by = mx + b:

  • m is the slope
  • b is the y-intercept wherethelinecrossestheyaxiswhere the line crosses the y-axis

For y = -2/3x + 1:

  • The slope is -2/3 (down 2, right 3)
  • The y-intercept is at (0,1)

Sometimes you'll need to rearrange equations first. For 3x - 2y = 8:

  1. Solve for y: -2y = -3x + 8
  2. Divide by -2: y = 3/2x - 4
  3. Now identify m = 3/2 and b = -4

Remember: The slope-intercept form y=mx+by = mx + b is your best friend for quickly graphing lines - it gives you both the direction and starting point!

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

Applications of Slope and Intercepts

Linear functions can model real-world scenarios like costs and quantities. For example, in the cost function C(q) = 4.5q + 41,500:

  • The slope (4.5) represents the cost per additional unit
  • The y-intercept (41,500) represents fixed costs

When interpreting slopes and intercepts in real situations, units matter. If time is your input and height is your output, the slope unit would be height/time.

Consider a bathtub example where water level decreases over time:

  • The vertical intercept (0,40) means the tub initially has 40 gallons
  • The horizontal intercept (10,0) means the tub is empty after 10 minutes
  • The slope (-4) means water drains at 4 gallons per minute

Slope units are always output units divided by input units, giving us the rate of change.

Make it practical: When seeing a linear equation in a word problem, ask yourself: "What does the slope represent in this situation?" and "What real-world meaning does the y-intercept have?"

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

Parallel and Perpendicular Lines

Have you ever wondered how to tell if lines will never meet or if they cross at right angles? Here's how:

Parallel lines never intersect and have the same slope but different y-intercepts. For example:

  • y = 2/3x - 4 and y = 2/3x + 1 are parallel bothhaveslope2/3both have slope 2/3
  • Vertical lines (undefined slope) are parallel to each other
  • Horizontal lines (zero slope) are parallel to each other

Perpendicular lines intersect at right angles. Their slopes are negative reciprocals of each other, meaning their product equals -1. For example:

  • If one line has slope -2/5, its perpendicular line would have slope 5/2
  • Vertical and horizontal lines are always perpendicular to each other

To check if lines are parallel or perpendicular, first get both equations in slope-intercept form y=mx+by = mx + b, then compare their slopes.

Handy trick: To find the perpendicular slope, flip the fraction and change the sign. If m = 3/4, the perpendicular slope is -4/3.

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

Finding Line Equations

When you have a point and a slope, you can find the line's equation using the point-slope form: y - y₁ = mxx1x - x₁

For example, with point (-4,3) and slope -2: y - 3 = -2x(4)x - (-4) y - 3 = -2x+4x + 4

If you're given two points instead:

  1. Calculate the slope first: m = y2y1y₂ - y₁/x2x1x₂ - x₁
  2. Use point-slope form with one of the points
  3. Convert to slope-intercept form if needed

Example with points (1,1) and (5,-1):

  1. m = (-1-1)/(5-1) = -2/4 = -1/2
  2. Point-slope: y - 1 = -1/2x1x - 1
  3. Slope-intercept: y = -1/2x + 3/2

Both forms are useful, but slope-intercept y=mx+by = mx + b makes graphing easier.

Quick Tip: When converting from point-slope to slope-intercept form, distribute the slope first, then move all terms with y to the left side and everything else to the right.

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

Linear Functions and Function Notation

Function notation f(x) is just another way to write y. It's super useful because it tells us exactly what to plug in! When you see f(2), you're finding the y-value when x = 2.

For f(x) = 2x + 5:

  • f(2) = 2(2) + 5 = 9
  • f(-3) = 2(-3) + 5 = -1
  • fa1a-1 = 2a1a-1 + 5 = 2a + 3

Piecewise functions have different rules for different x-values. For example: f(x) = { 4x + 5 if x < 2 3x - 8 if x ≥ 2 }

To evaluate these, first check which part of the function applies:

  • f(-2) = 4(-2) + 5 = -3 since2<2since -2 < 2
  • f(2) = 3(2) - 8 = -2 (since 2 ≥ 2)
  • f(5) = 3(5) - 8 = 7 (since 5 ≥ 2)

Pro tip: When evaluating piecewise functions, always check the boundaries first to decide which piece of the function to use!

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

Variables and Function Applications

In real-world applications, functions help us model relationships between variables:

Independent variables (inputs) are values we can control or select, while dependent variables (outputs) depend on those inputs. For example, in N(t) = 3600 + 45t:

  • t (time in days) is the independent variable
  • N (number of users) is the dependent variable

When interpreting function values in context:

  • N(0) = 3600 means there were 3600 users at the start (day 0)
  • N(10) = 4050 means there were 4050 users after 10 days
  • V(24) = 18 means an investment is worth $18,000 after 24 months

Functions can also tell us how to find input values for given outputs. For a propane cost function C(g) = 3.11g:

  • C(4) = 12.44means4gallonscost12.44 means 4 gallons cost 12.44
  • If C(g) = $24.88, then g = 8 gallons

Make it real: Functions aren't just math—they describe relationships in everyday life, from phone bills to investments. Always think about what the input and output represent in the real world!

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

Cost Functions in Real Life

Cost functions typically include both fixed costs onetimeexpensesone-time expenses and variable costs perunitexpensesper-unit expenses. When written as C = mx + b:

  • m represents the variable cost per unit
  • b represents the fixed costs

For a cell phone plan with two data points (minutes used, monthly cost):

  1. Find the slope: m = (55-53)/(250-150) = 2/100 = $0.02 per minute
  2. Find the fixed cost: 53 = 0.02(150) + b, so b = $50

This means the monthly bill is calculated as: Cost = 0.02×minutes+0.02 × minutes + 50

Cost functions also help track depreciation. If a new car costs 22,780anddepreciatesby22,780 and depreciates by 2,181 annually, we can model its value as: V = 22,780 - 2,181t (where t is years)

After 5 years: V = 22,780 - 2,181(5) = $11,875

Real-world connection: Understanding cost functions helps with everyday decisions like choosing phone plans or deciding when to sell a car. The slope tells you the rate of change in cost!

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

Revenue, Profit, and Break-Even Points

Businesses use linear functions to track important financial metrics:

Revenue is the money earned from sales:

  • Revenue = Price × Quantity
  • R(x) = px (where p is price per unit)

Cost includes fixed and variable expenses:

  • Cost = Variable cost per unit × Quantity + Fixed costs
  • C(x) = vx + F

Profit is the difference between revenue and cost:

  • P(x) = R(x) - C(x)
  • P(x) = px - vx+Fvx + F = pvp-vx - F

The break-even point occurs when profit equals zero (revenue equals cost):

  • Set R(x) = C(x) and solve for x

For phone covers sold at 12eachwith12 each with 2 variable cost and $5,200 fixed cost:

  • Revenue: R(x) = 12x
  • Cost: C(x) = 2x + 5,200
  • Profit: P(x) = 10x - 5,200
  • Break-even: 12x = 2x + 5,200, so x = 520 units

Business insight: The break-even point tells you exactly how many units you need to sell to start making money. Below this point, you're losing money; above it, you're profitable.

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

Linear Cost Functions

In business, finding a cost function helps predict expenses for different production levels. When the marginal cost (cost per additional unit) is constant, we can use a linear cost function.

For example, if the marginal cost to produce medication is 10perbatch,andproducing100batchescosts10 per batch, and producing 100 batches costs 1,500:

  1. Set up the linear function: C(x) = mx + b where m = $10
  2. Plug in the known point (100, 1500): 1500 = 10(100) + b
  3. Solve for b: 1500 = 1000 + b, so b = $500
  4. The cost function is C(x) = 10x + 500

This means:

  • Each batch costs $10 to produce (variable cost)
  • There's a $500 fixed cost (equipment, setup, etc.)
  • To predict the cost for any number of batches, just use C(x) = 10x + 500

Mathematical insight: When finding a linear cost function, the marginal cost is the slope, and you can find the y-intercept (fixed cost) by using a known data point.



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The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.

Stefan S

iOS user

This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.

Samantha Klich

Android user

Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.

Anna

iOS user

I think it’s very much worth it and you’ll end up using it a lot once you get the hang of it and even after looking at others notes you can still ask your Artificial intelligence buddy the question and ask to simplify it if you still don’t get it!!! In the end I think it’s worth it 😊👍 ⚠️Also DID I MENTION ITS FREEE YOU DON’T HAVE TO PAY FOR ANYTHING AND STILL GET YOUR GRADES IN PERFECTLY❗️❗️⚠️

Thomas R

iOS user

Knowunity is the BEST app I’ve used in a minute. This is not an ai review or anything this is genuinely coming from a 7th grade student (I know 2011 im young) but dude this app is a 10/10 i have maintained a 3.8 gpa and have plenty of time for gaming. I love it and my mom is just happy I got good grades

Brad T

Android user

Not only did it help me find the answer but it also showed me alternative ways to solve it. I was horrible in math and science but now I have an a in both subjects. Thanks for the help🤍🤍

David K

iOS user

The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!

Sudenaz Ocak

Android user

In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.

Greenlight Bonnie

Android user

I found this app a couple years ago and it has only gotten better since then. I really love it because it can help with written questions and photo questions. Also, it can find study guides that other people have made as well as flashcard sets and practice tests. The free version is also amazing for students who might not be able to afford it. Would 100% recommend

Aubrey

iOS user

Best app if you're in Highschool or Junior high. I have been using this app for 2 school years and it's the best, it's good if you don't have anyone to help you with school work.😋🩷🎀

Marco B

iOS user

THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮

Elisha

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This app is phenomenal down to the correct info and the various topics you can study! I greatly recommend it for people who struggle with procrastination and those who need homework help. It has been perfectly accurate for world 1 history as far as I’ve seen! Geometry too!

Paul T

iOS user

 

Calculus 1

111

Dec 6, 2025

10 pages

Introduction to Business Calculus Notes - Valencia College

Slopes and linear functions are the building blocks of algebra that help us model real-world situations. They show us how one quantity changes in relation to another, whether it's the cost of phone plans, water draining from a bathtub, or... Show more

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

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Finding the Slope of a Line

Ever wondered how steep a line is? That's what slope tells us! The slope measures the steepness of a line using this formula: m = rise/run = ΔY/ΔX = Y2Y1Y₂-Y₁/X2X1X₂-X₁

The slope gives us important information about a line:

  • Positive slope: Line moves upward from left to right (increasing)
  • Negative slope: Line moves downward from left to right (decreasing)
  • Zero slope: Perfectly horizontal line ycoordinatesarethesamey-coordinates are the same
  • Undefined slope: Perfectly vertical line xcoordinatesarethesamex-coordinates are the same

When calculating slope, just plug the coordinates into the formula. For example, with points (-8,-5) and (-10,-9), we get: m = (-9-(-5))/(-10-(-8)) = -4/-2 = 2

Quick Tip: When you see a negative slope, think "downhill" - the line falls as you move right. A positive slope means the line climbs as you move right.

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

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Graphing Lines Using Slope

You can easily graph a line when you know a point and its slope. For example, with point (-2,-3) and slope ½, start at the point and use the slope to find other points:

  • Slope ½ means "up 1, right 2" from your starting point
  • Plot these points and connect them with a line

When given an equation in slope-intercept form y=mx+by = mx + b:

  • m is the slope
  • b is the y-intercept wherethelinecrossestheyaxiswhere the line crosses the y-axis

For y = -2/3x + 1:

  • The slope is -2/3 (down 2, right 3)
  • The y-intercept is at (0,1)

Sometimes you'll need to rearrange equations first. For 3x - 2y = 8:

  1. Solve for y: -2y = -3x + 8
  2. Divide by -2: y = 3/2x - 4
  3. Now identify m = 3/2 and b = -4

Remember: The slope-intercept form y=mx+by = mx + b is your best friend for quickly graphing lines - it gives you both the direction and starting point!

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

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Applications of Slope and Intercepts

Linear functions can model real-world scenarios like costs and quantities. For example, in the cost function C(q) = 4.5q + 41,500:

  • The slope (4.5) represents the cost per additional unit
  • The y-intercept (41,500) represents fixed costs

When interpreting slopes and intercepts in real situations, units matter. If time is your input and height is your output, the slope unit would be height/time.

Consider a bathtub example where water level decreases over time:

  • The vertical intercept (0,40) means the tub initially has 40 gallons
  • The horizontal intercept (10,0) means the tub is empty after 10 minutes
  • The slope (-4) means water drains at 4 gallons per minute

Slope units are always output units divided by input units, giving us the rate of change.

Make it practical: When seeing a linear equation in a word problem, ask yourself: "What does the slope represent in this situation?" and "What real-world meaning does the y-intercept have?"

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

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Parallel and Perpendicular Lines

Have you ever wondered how to tell if lines will never meet or if they cross at right angles? Here's how:

Parallel lines never intersect and have the same slope but different y-intercepts. For example:

  • y = 2/3x - 4 and y = 2/3x + 1 are parallel bothhaveslope2/3both have slope 2/3
  • Vertical lines (undefined slope) are parallel to each other
  • Horizontal lines (zero slope) are parallel to each other

Perpendicular lines intersect at right angles. Their slopes are negative reciprocals of each other, meaning their product equals -1. For example:

  • If one line has slope -2/5, its perpendicular line would have slope 5/2
  • Vertical and horizontal lines are always perpendicular to each other

To check if lines are parallel or perpendicular, first get both equations in slope-intercept form y=mx+by = mx + b, then compare their slopes.

Handy trick: To find the perpendicular slope, flip the fraction and change the sign. If m = 3/4, the perpendicular slope is -4/3.

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

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Finding Line Equations

When you have a point and a slope, you can find the line's equation using the point-slope form: y - y₁ = mxx1x - x₁

For example, with point (-4,3) and slope -2: y - 3 = -2x(4)x - (-4) y - 3 = -2x+4x + 4

If you're given two points instead:

  1. Calculate the slope first: m = y2y1y₂ - y₁/x2x1x₂ - x₁
  2. Use point-slope form with one of the points
  3. Convert to slope-intercept form if needed

Example with points (1,1) and (5,-1):

  1. m = (-1-1)/(5-1) = -2/4 = -1/2
  2. Point-slope: y - 1 = -1/2x1x - 1
  3. Slope-intercept: y = -1/2x + 3/2

Both forms are useful, but slope-intercept y=mx+by = mx + b makes graphing easier.

Quick Tip: When converting from point-slope to slope-intercept form, distribute the slope first, then move all terms with y to the left side and everything else to the right.

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

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Linear Functions and Function Notation

Function notation f(x) is just another way to write y. It's super useful because it tells us exactly what to plug in! When you see f(2), you're finding the y-value when x = 2.

For f(x) = 2x + 5:

  • f(2) = 2(2) + 5 = 9
  • f(-3) = 2(-3) + 5 = -1
  • fa1a-1 = 2a1a-1 + 5 = 2a + 3

Piecewise functions have different rules for different x-values. For example: f(x) = { 4x + 5 if x < 2 3x - 8 if x ≥ 2 }

To evaluate these, first check which part of the function applies:

  • f(-2) = 4(-2) + 5 = -3 since2<2since -2 < 2
  • f(2) = 3(2) - 8 = -2 (since 2 ≥ 2)
  • f(5) = 3(5) - 8 = 7 (since 5 ≥ 2)

Pro tip: When evaluating piecewise functions, always check the boundaries first to decide which piece of the function to use!

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

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Variables and Function Applications

In real-world applications, functions help us model relationships between variables:

Independent variables (inputs) are values we can control or select, while dependent variables (outputs) depend on those inputs. For example, in N(t) = 3600 + 45t:

  • t (time in days) is the independent variable
  • N (number of users) is the dependent variable

When interpreting function values in context:

  • N(0) = 3600 means there were 3600 users at the start (day 0)
  • N(10) = 4050 means there were 4050 users after 10 days
  • V(24) = 18 means an investment is worth $18,000 after 24 months

Functions can also tell us how to find input values for given outputs. For a propane cost function C(g) = 3.11g:

  • C(4) = 12.44means4gallonscost12.44 means 4 gallons cost 12.44
  • If C(g) = $24.88, then g = 8 gallons

Make it real: Functions aren't just math—they describe relationships in everyday life, from phone bills to investments. Always think about what the input and output represent in the real world!

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

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Cost Functions in Real Life

Cost functions typically include both fixed costs onetimeexpensesone-time expenses and variable costs perunitexpensesper-unit expenses. When written as C = mx + b:

  • m represents the variable cost per unit
  • b represents the fixed costs

For a cell phone plan with two data points (minutes used, monthly cost):

  1. Find the slope: m = (55-53)/(250-150) = 2/100 = $0.02 per minute
  2. Find the fixed cost: 53 = 0.02(150) + b, so b = $50

This means the monthly bill is calculated as: Cost = 0.02×minutes+0.02 × minutes + 50

Cost functions also help track depreciation. If a new car costs 22,780anddepreciatesby22,780 and depreciates by 2,181 annually, we can model its value as: V = 22,780 - 2,181t (where t is years)

After 5 years: V = 22,780 - 2,181(5) = $11,875

Real-world connection: Understanding cost functions helps with everyday decisions like choosing phone plans or deciding when to sell a car. The slope tells you the rate of change in cost!

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

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Revenue, Profit, and Break-Even Points

Businesses use linear functions to track important financial metrics:

Revenue is the money earned from sales:

  • Revenue = Price × Quantity
  • R(x) = px (where p is price per unit)

Cost includes fixed and variable expenses:

  • Cost = Variable cost per unit × Quantity + Fixed costs
  • C(x) = vx + F

Profit is the difference between revenue and cost:

  • P(x) = R(x) - C(x)
  • P(x) = px - vx+Fvx + F = pvp-vx - F

The break-even point occurs when profit equals zero (revenue equals cost):

  • Set R(x) = C(x) and solve for x

For phone covers sold at 12eachwith12 each with 2 variable cost and $5,200 fixed cost:

  • Revenue: R(x) = 12x
  • Cost: C(x) = 2x + 5,200
  • Profit: P(x) = 10x - 5,200
  • Break-even: 12x = 2x + 5,200, so x = 520 units

Business insight: The break-even point tells you exactly how many units you need to sell to start making money. Below this point, you're losing money; above it, you're profitable.

Chapter 1
1.1 Slopes and Equations of Lines
Linear functions
(2
*Finding the slope of a Line
0
-4-3-2-1
ex:
-4 (0,4)
3
2
-1
(2, 1)
m= -7- (3

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Linear Cost Functions

In business, finding a cost function helps predict expenses for different production levels. When the marginal cost (cost per additional unit) is constant, we can use a linear cost function.

For example, if the marginal cost to produce medication is 10perbatch,andproducing100batchescosts10 per batch, and producing 100 batches costs 1,500:

  1. Set up the linear function: C(x) = mx + b where m = $10
  2. Plug in the known point (100, 1500): 1500 = 10(100) + b
  3. Solve for b: 1500 = 1000 + b, so b = $500
  4. The cost function is C(x) = 10x + 500

This means:

  • Each batch costs $10 to produce (variable cost)
  • There's a $500 fixed cost (equipment, setup, etc.)
  • To predict the cost for any number of batches, just use C(x) = 10x + 500

Mathematical insight: When finding a linear cost function, the marginal cost is the slope, and you can find the y-intercept (fixed cost) by using a known data point.

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The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.

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This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.

Samantha Klich

Android user

Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.

Anna

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Greenlight Bonnie

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This app is phenomenal down to the correct info and the various topics you can study! I greatly recommend it for people who struggle with procrastination and those who need homework help. It has been perfectly accurate for world 1 history as far as I’ve seen! Geometry too!

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