Find the price function, Find the price function p(x) ,

Find the price function

Assignment Help Mathematics

Reference no: EM13179029

A manufacture has been selling 1100 television sets a week at $ 360 each. A market survey indicates that for each $ 12 rebate offered to a buyer, the number of sets sold will increase by 120 per week.

(a) Find the price function p(x) , where x is the number of the television sets sold per week.

(b)How large of a rebate should the company offer to a buyer, in order to maximize its revenue? Hint: Solve for the number of TVs, x, that will maximize revenue. Then, find the rebate associated with this number of TVs.

Reference no: EM13179029

Questions Cloud

What is the equilibrium price and quantity in this market : Construct a graph showing supply and demand in the electronic dog feeder market, using Microsoft Excel. 2. How are the laws of supply and demand illustrated in this graph? Explain your answers. 3. What is the equilibrium price and quantity in this ma..

State robustness and intermediate precision : What is the difference between robustness and intermediate precision?

Find the feasible flow ofminimum cost : The cost of a flow is Σu,v∈V f(u, v), and the goal is to find the feasible flow ofminimum cost. Express this problem as a linear program.

Estimate the area under the graph : Estimate the area under the graph of f(x)=2sinx between x=0 and x=pi/2 using five approximating rectangles of equal withs and right endpoints as sample points.

Find the price function : Find the price function p(x) , where x is the number of the television sets sold per week.

How many pounds of peanuts are in the bag : Peanuts cost $4.00 per pound and cashews cost $7.50 per pound. If I buy a 5 lb bag consisting of Peanuts and Cashews, and I pay $23.50 for the bag, how many pounds of cashews and how many pounds of peanuts are in the bag?

Explain what is the actual molar concentration : acidifying with dilute H2SO4 and titrating with a 0.01804 M KMnO4 solution. 33.15 mL of the permangate solution was needed to reach the end point of the titration. What is the actual molar concentration of the H2O2 solution?

What is the average cost per diner : Convert the total costs you computed in above to costs per diner. In other words, what is the average cost per diner for serving each of the following parties and Why do the costs per diner for the three different parties differ from each other an..

State compound liberates a gas when treated : Identify the following compound from its IR and proton NMR spectra. C4H6O: NMR: ? 2.43 (1H, t, J = 2 Hz); ? 3.41 (3H, s); ? 4.10 (2H, d, J = 2 Hz) IR: 2125, 3300 cm1

User Account

All Pages