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Savatey [412]
3 years ago
5

You have decided to purchase a new Toyota 4Runner for $25,635. You have promised your daughter that the SUV will be hers when th

e car is worth $10,000. According to your car dealer, the SUV will depreciate in value approximately $3000 per year.
a) Write a linear equation in which y represents the total value of the car and x represents the age of the car,
Mathematics
1 answer:
-Dominant- [34]3 years ago
5 0

Ok so our two variables will be:

x=age y=price

Our equation is:

y= -3000x + $25,635


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Correct question is;

A manufacturer has been selling 1400 television sets a week at $450 each. A market survey indicates that for each $21 rebate offered to a buyer, the number of sets sold will increase by 210 per week

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A) p(x) = (-1/10)x + 590

B) Rebate = $170

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A) We are told that p(x) is the demand function and x is the number of TV sets sold per week.

Now, since for each $21 rebate offered, the number of sets sold increases by 210 per week, it means that the slope here of this demand function is; m = -21/210 = -1/10

Now, he has been selling 1400 TV sets a week at $450 each. This means; p(1400) = $450

Thus, the demand function will be;

p(x) - 450 = (-1/10)(x - 1400)

Expanding the RHS;

p(x) - 450 = (-1/10)x + 140

Add 450 to both sides to get;

p(x) = (-1/10)x + 140 + 450

p(x) = (-1/10)x + 590

B) Formula for revenue is;

R = price × quantity sold

Our demand function is p = (-1/10)x + 590

Making x the subject, we have;

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R = p(5900 - 10p)

R = 5900p - 10p²

Maximum price will occur at dR/dP = 0

Thus;

dR/dP = 5900 - 20p

At dR/dP = 0,we have;

20p = 5900

p = 5900/20

p = $280

Thus, rebate = 450 - 280 = $170

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