Four students defined the same revenue
and cost
functions, shown below:
(define (revenue g) (* 1.75 g))
(define (cost g) (* 0.3 g))
They then came up with four different definitions for profit
:
Khalil: |
|
Samaria: |
|
Alenka: |
|
Fauzi: |
|
1 Which of these four definitions do you think is "best", and why?
2 If lemons get more expensive, which definitions of profit
need to be changed?
3 If Sally raises her prices, which definitions of profit
need to be changed?
4 Which definition of profit
is the most flexible? Why?
These materials were developed partly through support of the National Science Foundation, (awards 1042210, 1535276, 1648684, 1738598, 2031479, and 1501927).
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