3 years ago

Decrease £16870 by 3% Give your answer rounded to 2 Decimal places please hurry im in a rush!!

Mathematics

1 answer:

Arturiano [62]3 years ago

8 0

Answer:

$16,363.9

Step-by-step explanation:

16870 x 0.03 = 506.1

16870 - 506.1 =

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2 years ago

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Revenue

denis23 [38]

Answer:

Step-by-step explanation:

Given that a small business assumes that the demand function for one of its new products can be modeled by

$p=ce^{kx}$

Substitute the given values for p and x to get two equations in c and k

$40 = ce^{1200k} \\45 = ce^{1000k}$

Dividing on by other we get

$\frac{45}{40} =e^{-200k} \\-200 k = ln (45/40) = 0.117583\\k = -0.000589$

Substitute value of k in any one equation

$45 = ce^{-0.589} \\c=45.02651$

b) Revenue of the product is demand and price

i.e. R(x) = p*x = $45.02651xe^{-0.000589x}$

Use Calculus derivative test to find max Revenue

R'(x) = $45.02651 e^{-0.000589x}-45.02651*0.000589 x e^{-0.000589x}\\$

EquateI derivative to 0

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x = 1698.037

When x = 1698 and p = 16.56469

7 0

3 years ago

Decrease £16870 by 3% Give your answer rounded to 2 Decimal places​ please hurry im in a rush!!

Decrease £16870 by 3% Give your answer rounded to 2 Decimal places please hurry im in a rush!!