1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anastaziya [24]
3 years ago
11

You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to come up with a unit price for

its hamburgers in order to maximize its weekly revenue. To make life as simple as possible, you assume that the demand equation for Johannesburg hamburgers has the linear form q = mp + b, where p is the price per hamburger, q is the demand in weekly sales, and m and b are certain constants you must determine.
Your market studies reveal the following sales figures: When the price is set at $2.00 per hamburger, the sales amount to 9000 per week, but when the price is set at $4.00 per hamburger, the sales drop to zero.
(A) Use these data to find the linear demand function q(p), where p is the price per hamburger and q is the number of hamburgers they sell at that price per week.
Mathematics
1 answer:
BartSMP [9]3 years ago
3 0

Answer:

The demabd function is:

q(p)= -4500p+18000

Step-by-step explanation:

The demand follow the linear equation q(p)=mp+b

1. When p=$2.00 and q=9000, the equation is:

9000=m(2.00)+b     (1)

2. Whe p=$4.00 and q=0, the equation is:

0=m(4.00)+b  (2)

3. Solve equation (1) for b:

9000=2m+b\\9000-2m=2m+2m+b\\9000-2m=b

4. Replace the value of b in equation (2)

0=4m+b\\0=4m+9000-2m\\0=2m+9000\\0-9000=2m+9000-9000\\-9000=2m\\\frac{-9000}{2m}=\frac{2m}{2m}\\ -4500=m

The value of m is 4500

5. Calculate b, replacing m:

0=4m+b\\\\0=4(-4500)+b\\0=-18000+b\\18000=b

The value of b is 18000

You might be interested in
6x+5y=-15 into intercept form
Yuki888 [10]
General\ equation\ for\ line\ in\ slope\ intercept\ form:\\\\y=ax+b\\\\6x+5y=-15\\
5y=-15-6x \ \ |:5\\
y=-3-\frac{6}{5}x\\\\
In\ slope\ intercept\ form\ y=-3-\frac{6}{5}x.
5 0
3 years ago
Read 2 more answers
There are 8 juice boxes in the refrigerator. Each box holds cup of juice. How many cups of juice are in the refrigerator? A stud
Zanzabum
Don't hold me to it, but I think the answer is D.) 4 cups
6 0
3 years ago
Read 2 more answers
......i need help please..........​
makkiz [27]

Answer:

Step-by-step explanation:

So, TML = 104, right?

Now, we know that TMV + LMV is 104.

We also know that TMV is 60.

Sooooo

LMV is simply 104 - 60 = 54

LMV = 54 :)

5 0
3 years ago
Read 2 more answers
Solve the equation for the red variable.
Ber [7]
The equation would be d/r.
7 0
3 years ago
Read 2 more answers
PLEASEE HELPP Analyze these two graphs, which show the population growth (per thousands of people) of North Carolina and the Uni
Tju [1.3M]
I believe it’s A because if you notice the rate of population grow was in the 20,000s for the US in the 1840s, while NC was hitting 600 free people at that time.
5 0
3 years ago
Other questions:
  • Joanna ran a mile in physical education class. After resting for one hour, her heart rate was 60 beats per minute. If her heart
    10·1 answer
  • Last Monday, two law students met up at Cafe Literatura after school to read the pages they were assigned in the Legal Methods c
    14·2 answers
  • Shawna says her mug holds 100 milliliters. She’ll says that the mug holds 1 liter. Is Shelly correct?
    11·2 answers
  • We want to factor the following expression: 25x^2−36y^8 We can factor the expression as (U+V)(U-V) where U and V are either cons
    7·1 answer
  • I need help ASAP for geometry!
    10·1 answer
  • Divide x^3-3x^2+x-2/10x^4-14x^3-10x^2+6x-10
    11·2 answers
  • PLEASE HELP!! (Look at the photo)
    12·2 answers
  • Simplify this radical expression → 3√24​
    7·1 answer
  • Statistic - Use the values in the contingency table to solve the equation given.
    7·1 answer
  • 35 is 15 less than k
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!