The price p (in dollars) and the demand x for a brand of running shoes are related
Question:
The price p (in dollars) and the demand x for a brand of running shoes are related by the equation
x = 4,000 - 40p
(A) Express the price p in terms of the demand x, and find the domain of this function.
(B) Find the revenue R(x) from the sale of x pairs of running shoes. What is the domain of R?
(C) Find the marginal revenue at a production level of 1,600 pairs and interpret the results.
(D) Find the marginal revenue at a production level of 2,500 pairs, and interpret the results.
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A Expressing price p in terms of demand x and finding its domain Solve the equation x ...View the full answer
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Related Book For 
College Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780321945518
13th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen
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