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3.10 Business and Economic Applications
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We’ll profit approximately $11.50 more if we sell 51 units. 3.10 Business and Economic Applications
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LINEAR
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# of items Price per item 3.10 Business and Economic Applications
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Profit
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Revenue 3.10 Business and Economic Applications
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Demand20,00024,40030,000 Profit$23,800$24,76823,200 Marginal Profit $0.44$0.00-$0.56
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Profit (in dollars)
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3.10 Business and Economic Applications
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Sub for x in the demand function 3.10 Business and Economic Applications
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HW 3.10/1,2,5,9,13,15,19,21,23,39 3.10 Business and Economic Applications
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HW 3.10/1,2,5,9,13,15,19,21,23,39
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xPriceProfit 10290-2(0.15) 102[90-2(0.15)]-102(60)=3029.40 10490-4(0.15) 104[90-4(0.15)]-104(60)=3057.60 10690-6(0.15) 106[90-6(0.15)]-106(60)=3084.60 10890-8(0.15) 108[90-8(0.15)]-108(60)=3110.40 11090-10(0.15) 110[90-10(0.15)]-110(60)=3135.00 11290-12(0.15) 112[90-12(0.15)]-112(60)=3158.40
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HW 3.10/1,2,5,9,13,15,19,21,23,39
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We are back in miles
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