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How to Find Profit-maximizing Input with GeoGebra
You can use GeoGebra
to find the optimum level of production that maximizes the profit of a business. This is a fundamental measure of a business’s financial projections.
GeoGebra
Instruction 1
- 1.
- Open
Algebra View
andGraphics View
underView
inMenu
. - 2.
- Enter the revenue function in
Algebra View
by typingR = <revenue function>
and pressingEnter
. - 3.
- Enter the cost function in
Algebra View
by typingC = <cost function>
and pressingEnter
. - 4.
- Enter
R’
inAlgebra View
and pressEnter
. - 5.
- Enter
C’
inAlgebra View
and pressEnter
. - 6.
- To see only and in
Graphics View
, tap the dot in front of and the dot in front of . When and are unchecked, their graphs disappear fromGraphics View
. - 7.
- To find the intersection(s) between and , click
Intersect
in
Toolbar
and click on the graphs of and . - 8.
- The -coordinate at the intersection point is the optimum that maximizes the business’s profit.