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Mathematical Modelling
Mathematical Modelling
the profit. Fixed cost is the cost that must be paid whether or not
Total revenue is the amount that the manufacturer receives by selling the
merchandise.
Total revenue (TR)= price per unit x number of units sold.
Profit is the difference between total revenue (TR) and the total cost (TC).
P = TR - TC
4. For a new product, a manufacturer spends P150,000 on the infrastructure
and the variable cost is estimated as P130 per unit of the product. The selling
price per unit was fixed at P180. Let x be the number of units produced and
sold. Find the:
a. Total cost function
e. Profit function
h. Number of units the manufacturer that must be produced and sold to break even
PIECEWISE FUNCTION APPLICATION
5. A wholesaler sells a product by the pound (or a fraction of a pound); if not more than 10
pounds are ordered, the wholesaler charges P100 per pound, to invite large orders the
wholesaler charges only P90 per pound if more than 10 pounds are ordered. Find the
mathematical model expressing the total cost of the order as a function of the amount of a
product ordered (x)
6. Shipping charges are often base on a formula that offers a lower charge per pound as the
size of the shipment is increased. Suppose shipping charges are as follows: P2.20 per pound
if the weight does not exceed 50 lbs; P2.10 per pound if the weight is more than 50 lbs but
does not exceed 200 lbs.; P2.05 per pound if the weight is more than 200 lbs. Find the
mathematical model expressing the total cost of a shipment as a function of its weight (x).
7. A user is charged P450 monthly for a particular mobile plan, which includes 100 free text
messages. Messages in excess of 100 are charged P1 each. Represent the amount a costumer
pays each month as a function of the number of messages m sent in a month.