Analyzing the Domain of the Profit Function

Oct 13, 2025 by magicalceylontours.com 0 views

In business, the profit function is a crucial concept that helps entrepreneurs and business owners understand the relationship between revenue, costs, and profit. The profit function is typically represented as a mathematical equation, where the profit is a function of the variables that affect it. In this article, we will explore the domain of the profit function $P = 7m + 12n$ , where $m$ and $n$ are the variables that affect the profit.

What is the Domain of a Function?

The domain of a function is the set of all possible input values for which the function is defined. In other words, it is the set of all possible values of the variables that affect the function. For a function to be defined, the input values must be such that the function produces a real number as output. In the case of the profit function $P = 7m + 12n$ , the domain is the set of all possible values of $m$ and $n$ for which the function is defined.

The Profit Function $P = 7m + 12n$

The profit function $P = 7m + 12n$ is a linear function, where $m$ and $n$ are the variables that affect the profit. The function is defined as:

P = 7m + 12n

where $P$ is the profit, $m$ is the revenue, and $n$ is the cost.

Analyzing the Domain of the Profit Function

To determine the domain of the profit function, we need to analyze the possible values of $m$ and $n$ for which the function is defined. Since the function is linear, it is defined for all real values of $m$ and $n$ . However, we need to consider the context in which the function is used.

In business, the revenue $m$ and cost $n$ are typically non-negative values. Therefore, we can assume that $m \geq 0$ and $n \geq 0$ . However, we need to consider the possibility that $m$ and $n$ can take on negative values.

Case 1: $m \geq 0$ and $n \geq 0$

If $m \geq 0$ and $n \geq 0$ , then the profit function is defined for all real values of $m$ and $n$ . In this case, the domain of the profit function is the set of all non-negative real numbers.

Case 2: $m < 0$ and $n \geq 0$

If $m < 0$ and $n \geq 0$ , then the profit function is not defined for all real values of $m$ and $n$ . In this case, the domain of the profit function is the set of all real numbers $m$ such that $m < 0$ and $n \geq 0$ .

Case 3: $m \geq 0$ and $n < 0$

If $m \geq 0$ and $n < 0$ , then the profit function is not defined for all real values of $m$ and $n$ . In this case, the domain of the profit function is the set of all real numbers $n$ such that $n < 0$ and $m \geq 0$ .

Case 4: $m < 0$ and $n < 0$

If $m < 0$ and $n < 0$ , then the profit function is not defined for all real values of $m$ and $n$ . In this case, the domain of the profit function is the empty set.

Conclusion

In conclusion, the domain of the profit function $P = 7m + 12n$ depends on the values of $m$ and $n$ . If $m \geq 0$ and $n \geq 0$ , then the domain of the profit function is the set of all non-negative real numbers. If $m < 0$ and $n \geq 0$ , then the domain of the profit function is the set of all real numbers $m$ such that $m < 0$ and $n \geq 0$ . If $m \geq 0$ and $n < 0$ , then the domain of the profit function is the set of all real numbers $n$ such that $n < 0$ and $m \geq 0$ . If $m < 0$ and $n < 0$ , then the domain of the profit function is the empty set.

Answer

Based on the analysis above, the correct answer is:

A. Defined for all $m \ \textgreater \ 0$ and $n \ \textgreater \ 0$ : This is incorrect because the domain of the profit function is not limited to positive values of $m$ and $n$ .
B. Defined for all $m \geq 0$ and $n \ \textgreater \ 0$ : This is incorrect because the domain of the profit function is not limited to non-negative values of $m$ and positive values of $n$ .
C. Defined for all $m \geq 0$ and $n \geq 0$ : This is the correct answer because the domain of the profit function is the set of all non-negative real numbers.

Final Answer

In our previous article, we explored the domain of the profit function $P = 7m + 12n$ . We analyzed the possible values of $m$ and $n$ for which the function is defined and concluded that the domain of the profit function is the set of all non-negative real numbers. In this article, we will answer some frequently asked questions about the domain of the profit function.

Q: What is the domain of the profit function $P = 7m + 12n$ ?

A: The domain of the profit function $P = 7m + 12n$ is the set of all non-negative real numbers. This means that $m \geq 0$ and $n \geq 0$ .

Q: Why is the domain of the profit function limited to non-negative values of $m$ and $n$ ?

A: The domain of the profit function is limited to non-negative values of $m$ and $n$ because the revenue and cost are typically non-negative values in business. If $m$ and $n$ are negative, then the profit function is not defined.

Q: What happens if $m < 0$ and $n \geq 0$ ?

A: If $m < 0$ and $n \geq 0$ , then the profit function is not defined for all real values of $m$ and $n$ . In this case, the domain of the profit function is the set of all real numbers $m$ such that $m < 0$ and $n \geq 0$ .

Q: What happens if $m \geq 0$ and $n < 0$ ?

A: If $m \geq 0$ and $n < 0$ , then the profit function is not defined for all real values of $m$ and $n$ . In this case, the domain of the profit function is the set of all real numbers $n$ such that $n < 0$ and $m \geq 0$ .

Q: What happens if $m < 0$ and $n < 0$ ?

A: If $m < 0$ and $n < 0$ , then the profit function is not defined for all real values of $m$ and $n$ . In this case, the domain of the profit function is the empty set.

Q: How does the domain of the profit function affect business decisions?

A: The domain of the profit function affects business decisions by limiting the possible values of $m$ and $n$ for which the function is defined. This means that business owners and entrepreneurs must consider the non-negative values of $m$ and $n$ when making decisions about revenue and cost.

Q: What are some real-world examples of the domain of the profit function?

A: Some real-world examples of the domain of the profit function include:

A company that sells products online must consider the non-negative values of $m$ and $n$ when setting prices and calculating revenue and cost.
A restaurant must consider the non-negative values of $m$ and $n$ when setting menu prices and calculating revenue and cost.
A manufacturer must consider the non-negative values of $m$ and $n$ when setting production costs and calculating revenue and cost.

Conclusion

In conclusion, the domain of the profit function $P = 7m + 12n$ is the set of all non-negative real numbers. This means that $m \geq 0$ and $n \geq 0$ . The domain of the profit function affects business decisions by limiting the possible values of $m$ and $n$ for which the function is defined. Business owners and entrepreneurs must consider the non-negative values of $m$ and $n$ when making decisions about revenue and cost.

Final Answer

The final answer is C.