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BaLLatris [955]
3 years ago
14

A home store chain is prepared to buy 3,800 of your Frog & Friends(TM) shower curtains per month for $5 each, but only 3,500

shower curtains per month for $10 each. What is the linear demand function for your Frog & Friends shower curtains?
Business
1 answer:
neonofarm [45]3 years ago
5 0

Answer:

The linear demand function for Frog & Friends Shower curtains is q = -60p + 4,100

Explanation: $5 each ===> 3,800 curtains per month

$10 each ===> 3,500 curtains per month.

===> slope of the demand line is (3800-3500)/(5-10) = 300/-5 = -60

===> demand function is q = -60p + c for some constant c.

Let 3,800 = -60*5 + c.

=3800 = -300 + c

===> c = 4,100.

Therefore the linear demand function for frog & friends curtains is q = -60p + 4,100

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Chair P, from Design Solutions, cost $60 per chair. Chair Q, from Seat Unlimited, costs $90 per chair. An office manager often h
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\frac{\$60p+\$90q}{p+q}

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Data provided in the question:

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Piper Rose Boutique has been approached by the community college to make special polo shirts for the faculty and staff. The coll
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Answer:

Piper Rose Boutique should accept the special order made by the college

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