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Dragon's Den 2
DP
by
Dhanushya Patel
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Updated Jan 29, 2021
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00:09 - 00:12
So here we grab the profit function on Dhe.
00:13 - 00:14
Let's have other key points.
00:17 - 00:20
So these are key points.
00:21 - 00:24
Notice how there's three here not to like the other
00:24 - 00:27
function. We'll talk about more about this later.
00:29 - 00:32
Our other key point is our Vertex, and our Vertex
00:32 - 00:35
is at 634 on the Y.
00:35 - 00:39
Value or with the white Pregnant is 40,141 0.89.
00:43 - 00:46
So our domain here is X is an element of
00:46 - 00:49
natural numbers such that X is equal to or greater
00:49 - 00:56
than 0.7 to 9, which is technically one on but
00:57 - 00:59
less than or equal to 1268.
01:01 - 01:06
A range here is why is an element off natural
01:07 - 01:10
Sorry. Why is the elemental feel numbers such that X
01:10 - 01:14
is equal to or greater than zero, but less than
01:14 - 01:20
or equal to 40,141 00.89 our except except our national
01:20 - 01:23
numbers. So on the graph they showed us that the
01:23 - 01:27
X intercepts were 3rd 0.7 to 9 and 1268.
01:31 - 01:36
So, however, since we can have half a product, sorry
01:37 - 01:38
we Since we can't have a portion of a product.
01:39 - 01:41
We must run that up to one.
01:41 - 01:45
So that means that if I sell one product or
01:46 - 01:49
1260 products, I will not make any revenue.
01:50 - 01:56
I'll just break even however my wife is set.
01:56 - 02:00
On the other hand, I will suffer a loss when
02:00 - 02:01
I sell your products.
02:01 - 02:03
So that means that if when I sell your products,
02:04 - 02:13
I will suffer loss off $92.46 How on my vertex,
02:14 - 02:17
please the very Texas at the corner and provided.
02:18 - 02:20
So that means you don't achieve the maximum profit.
02:21 - 02:35
I must sell 634 books now, before we upset any
02:35 - 02:40
mathematicians will also address the following question Our function waas
02:41 - 02:45
a off our off T where we needed time to
02:46 - 02:49
find the radius and we needed the radius which is
02:49 - 02:53
our T to find The area is our off c
02:53 - 02:59
X Have a similar many walked.
03:00 - 03:00
Let's look at the answer.
03:01 - 03:02
The answer is no.
03:04 - 03:08
For the first scenario which Waas are off Sorry, which
03:08 - 03:09
was a off our of tea.
03:10 - 03:14
We were required to no time to determine the race
03:14 - 03:18
and So we need the radius function to find the
03:19 - 03:19
area function.
03:19 - 03:21
So that's why they were within each other.
03:23 - 03:24
We needed there.
03:24 - 03:24
Read it.
03:25 - 03:29
We need the radius function because the area function dependent
03:30 - 03:31
on their radius.
03:32 - 03:34
And that's how we determined our area.
03:34 - 03:37
But however, in our revenue function, we did not require
03:38 - 03:42
it. The cost function at all we do not need.
03:42 - 03:45
What are we do not need the cost of each
03:45 - 03:50
product because it was not needed at all.
03:51 - 03:54
The cost function was used to determine our profit function,
03:54 - 03:54
not our revenue.
03:56 - 04:03
There was a difference, but we thank you for everything.
04:06 - 04:07
Hope he any other questions?
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