Activities: Visualizing Cost, Revenue, and Profit
Frances Van Dyke · Mathematics Teacher Learning and Teaching PK-12 · 1998
Cost, revenue, and profit are frequently used in applications and are often modeled with linear functions. The sheets in this activity are designed to help students become familiar with the graphs, equations, and tables of these functions. For the cost line, we assume that certain fixed one-time costs occur and that a specific cost can be associated with each unit produced. For the revenue line, a fixed amount per unit is charged for the product, and the revenue is obtained from that charge. In this activity, we assume that everything that is produced is sold, so the profit is found by subtracting costs from revenue.