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A business has found that it can sell 670 items if it sets its price to $66.91. However, if it lowers its price to
A business has found that it can sell 670 items if it sets its price to $66.91. However, if it lowers its price to $43.71, it can sell 950 items. (a) Find the linear demand equation (price function) for selling x items. (round to 4 decimal places) p(x)= B3B It costs the business $11.86 per item to produce and they have $2,150 in overhead each month. (b) Find the linear Cost, and quadratic Revenue and Profit functions for producing/selling x items: round to 4 decimal places) C(x)= R(x): = Number = Number + Number Number + Number P(x)= Number 22+ Number + Number (c) Consider the maximum profit the company can make: To maximize their profit, they should sell Number and they will make $ Number in profit. items at a price of $ Number each
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