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The behavior of both costs and revenues is linear throughout the relevant range of activity. (This assumption precludes the concept of volume discounts on either purchased materials or sales.) Costs can be classified accurately as either fixed or variable. Changes in activity are the only factors that affect costs.
This is a list of volume formulas of basic shapes: [4]: 405–406 Cone – 1 3 π r 2 h {\textstyle {\frac {1}{3}}\pi r^{2}h} , where r {\textstyle r} is the base 's radius Cube – a 3 {\textstyle a^{3}} , where a {\textstyle a} is the side's length;
Trade discounts are given to try to increase the volume of sales being made by the supplier. The discount described as trade rate discount is sometimes called "trade discount". Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25.
Number theory is a branch of pure mathematics devoted primarily to the study of the integers and integer-valued functions. German mathematician Carl Friedrich Gauss said, "Mathematics is the queen of the sciences—and number theory is the queen of mathematics." Number theory also studies the natural, or whole, numbers.
For example, in economics the optimal profit to a player is calculated subject to a constrained space of actions, where a Lagrange multiplier is the change in the optimal value of the objective function (profit) due to the relaxation of a given constraint (e.g. through a change in income); in such a context is the marginal cost of the ...
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