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A business has found that it can sell 800 items if it sets its price to $60.38. However, if it lowers its price to
A business has found that it can sell 800 items if it sets its price to $60.38. However, if it lowers its price to $44.48, it can sell 880 items (a) Find the linear demand equation (price function) for selling x items (round to 4 decimal places) p(x)= It costs the business $13.32 per item to produce and they have $3,750 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)= =Number R(2)= P(z) = Number + Number 22+ Number + Number Number x+ Number + Number (c) How many items should the company sell to break even? What price should they set to do so? (lower quantity) They could sell Number items at a price of $ Number each OR (higher quantity) They could sell Number items at a price of $ Number each
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