Step-by-step explanation:
x = -4/5 = -0.8
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
Substitute the given values for p and x to get two equations in c and k
Dividing on by other we get
Substitute value of k in any one equation
b) Revenue of the product is demand and price
i.e. R(x) = p*x = 
Use Calculus derivative test to find max Revenue
R'(x) = 
EquateI derivative to 0
1-0.000589x =0
x = 1698.037
When x = 1698 and p = 16.56469
Answer:
a
Step-by-step explanation:
i just took the test
This shows how much you would make per day for both choices.
Total earned in 31 days for $10,000 per day: $310,000
Explanation
$10,000 every day in 31 days.
Total earned in 31 days for penny: 21,474,836.47
Explanation
Day 1: $0.01
Day 2: $0.02
Day 3: $0.04
Day 4: $0.08
Day 5: $0.16
Day 6: $0.32
Day 7: $0.64
Day 8: $1.28
Day 9: $2.56
Day 10: $5.12
Day 11: $10.24
Day 12: $20.48
Day 13: $40.96
Day 14: $81.92
Day 15: $163.84
Day 16: $327.68
Day 17: $655.36
Day 18: $1,310.72
Day 19: $2,621.44
Day 20: $5,242.88
Day 21: $10,485.76
Day 22: $20,971.52
Day 23: $41,943.04
Day 24: $83,886.08
Day 25: $167,772.16
Day 26: $335,544.32
Day 27: $671,088.64
Day 28: $1,342,177.28
Day 29: $2,684,354.56
Day 30: $5,368,709.12
Day 31: $10,737,418.24
