--description--
In this video, you will write code to develop a demand function from two points. You will see how price affects the profit graph and how all of these equations relate to each other.
Here is the Colab notebook to go along with this video.
Here is a link to the textbook you will need to complete the assignment for this video:
- Business Math, a Step-by-Step Handbook (2021) by Jean-Paul Oliver
--assignment--
Complete the problems on pages 155 and 163 from "Business Math, a Step-by-Step Handbook (2021)".
--question--
--text--
Which of the following business equations is not correct?
--answers--
Profit = Revenue - Cost
Revenue = Price * Demand
Cost = Fixed Expenses + Variable Expenses
Marginal Revenue = Margins + Revenue
--video-solution--
4