3.10 Business and Economic Applications.

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Presentation transcript:

3.10 Business and Economic Applications

We’ll profit approximately $11.50 more if we sell 51 units Business and Economic Applications

LINEAR

# of items Price per item 3.10 Business and Economic Applications

Profit

Revenue 3.10 Business and Economic Applications

Demand20,00024,40030,000 Profit$23,800$24,76823,200 Marginal Profit $0.44$0.00-$0.56

Profit (in dollars)

3.10 Business and Economic Applications

Sub for x in the demand function 3.10 Business and Economic Applications

HW 3.10/1,2,5,9,13,15,19,21,23, Business and Economic Applications

HW 3.10/1,2,5,9,13,15,19,21,23,39

xPriceProfit (0.15) 102[90-2(0.15)]-102(60)= (0.15) 104[90-4(0.15)]-104(60)= (0.15) 106[90-6(0.15)]-106(60)= (0.15) 108[90-8(0.15)]-108(60)= (0.15) 110[90-10(0.15)]-110(60)= (0.15) 112[90-12(0.15)]-112(60)=

HW 3.10/1,2,5,9,13,15,19,21,23,39

We are back in miles