Linear Programming (LP) is a mathematical method for determining a way to achieve the best outcome in a given mathematical model for decisions with numerous alternatives. LP is often used in business, economics, and engineering to maximize profit or minimize costs in processes with varying levels of inputs.
A revenue function is a mathematical representation illustrating how different items of income behave when plotted on a graph. The most common form is the total revenue function where total revenue is expressed as a function of the number of units sold multiplied by the selling price per unit.
