A) Demand function
price (x) demand (D(x))
4 540
3.50 810
D - 540 810 - 540
----------- = -----------------
x - 4 3.50 - 4
D - 540
----------- = - 540
x - 4
D - 540 = - 540(x - 4)
D = -540x + 2160 + 540
D = 2700 - 540x
D(x) = 2700 - 540x
Revenue function, R(x)
R(x) = price * demand = x * D(x)
R(x) = x* (2700 - 540x) = 2700x - 540x^2
b) Profit, P(x)
profit = revenue - cost
P(x) = R(x) - 30
P(x) = [2700x - 540x^2] - 30
P(x) = 2700x - 540x^2 - 30
Largest possible profit => vertex of the parabola
vertex of 2700x - 540x^2 - 30
When you calculate the vertex you find x = 5 /2
=> P(x) = 3345
Answer: you should charge a log-on fee of $2.5 to have the largest profit, which is $3345.
Answer:
Ooy+(+12)-2
Step-by-step explanation:
Cause the dimoneter is the 12 a pelagic
I think non chain retailers wholesale their products at about 50% off retail it really depends on the product.
Answer: 2. 55/8
Step-by-step explanation: Add the whole numbers first (5+1 = 6), then add the fractions (4/8 + 3/8 = 7/8). Now we have 6 7/8 and since they want the answer in fraction form we will multiply the 6 and the 8 (6x8=48) and then add the 7 to the 48 (7+48 =55) and we leave our answer over the denominator which is 8. This leaves us with the final answer of 55/8
Answer:
Step-by-step explanation:
