Module-IV

Function: Definition, Types of

Functions

1
 Functions
• A function can be viewed as an input-output device.
• The significant relationships in mathematical models
typically are represented by functions.

2
 Types of functions
1. One-one (1-1) Function
2. Onto function
3. One-one and onto function
4. One valued function
5. Many valued function
6. Explicit function
7. Implicit function
8. Algebraic function
9. Transcendental function
10. Rational function
11. Irrational function
12. Linear function

3
Cost Function

4
Demand Function

Revenue function

5
Profit Function

Break-Even Point
Break even point is that value of x (number of units of the product sold)
for which there is no profit or loss.

6
 Practice Problem
For a new product, a manufacturer spends Rs. 1,00,000 on the
infrastructure and the variable cost is estimated as Rs.150 per unit of
the product. The sale price per unit was fixed at Rs.200.
Find
(i)Cost function
(ii)Revenue function
(iii)Profit function
(iv)the break-even points.