Answer:
you would put a point on 10 then an arrow up to 20
Step-by-step explanation:
Answer:
9
Step-by-step explanation:
9x2 is 18, so he can rent a bike for nine days if the rent is $2
What is the slope of the line in the graph show below? c1
The total revenue of the function is the product of the quantity and the price
The total revenue in terms of P is TR = 20P - 0.01P^2
<h3>How to determine the total revenue?</h3>
The demand and the cost functions are given as:
Quantity function, Q = 20 - 0.01P
Cost function, C(Q)=60+6Q
The total revenue is calculated as:
TR = Q * P
Substitute Q = 20 - 0.01P in the above equation
TR = P * [20 - 0.01P]
Evaluate the product
TR = 20P - 0.01P^2
Hence, the total revenue in terms of P is TR = 20P - 0.01P^2
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