Solution-Determine the demand or price

Determine the demand or price

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Music store sells an average of 160 cds per week at $24 each. The cost of producing x music CDs is C(x) = -0.003x^2+ 4.2x + 1000. A market survey indicates that for each 50 cents decrease in price, 2 additional cds will be sold per week.

a) Can someone help me determine the demand or price, function?

Reference no: EM131280318

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Determine the demand or price : Music store sells an average of 160 cds per week at $24 each. The cost of producing x music CDs is C(x) = -0.003x^2+ 4.2x + 1000. A market survey indicates that for each 50 cents decrease in price, 2 additional cds will be sold per week.

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Determine the demand or price

Reference no: EM131280318

Reference no: EM131280318

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