A sales team estimates that the number of new phones they will sell is a function of the price that they set. They estimate that
2 answers:
Answer:
<h2>The price is 860 dollars.</h2>Step-by-step explanation:
The revenue of the company is given by , which is a polynomial of x, the price of the new phone.
The revenue of the company will be the highest, if , that is
1720 - 2x = 0
or, x = 860.
Hence, the price of the new phone to maximize the company's revenue is 860 dollars.
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Answer:
1) For :
and
, 2) For
:
and
Step-by-step explanation:
The polynomial is a second-order polynomial of the form
. By direct comparison, we construct the following system of equations:
(1)
(2)
By (1) we know that there are a family of pairs such that the system of equations is satisfied. Let suppose that both and
are integers. We assume two arbitrary integers for
:
1)
2)
