FINDING MAXIMUM PROFIT IN ECONOMICS THROUGH QUADRATIC FUNCTION
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INNOVATIVE SCIENCE PUBLISHING
Abstract
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In order to solve problems mathematically in the article, first of all, we need to have the necessary concepts, which we express as follows. In the most general way, the income can be defined as the difference between the full input and the full output (expenditure) of the product of the enterprise or firm. Here, total output is considered to consist of costs incurred in the production and exchange of the product.
Keywords
Income, input, output, expenditure, demand curve, quadratic function, elastic, extrapolation, angle, coefficient, graph