Question
A store has determined that the number of Blu-ray movies sold monthly is approximately n ( x ) = 6750(0.929 x ) movies where x
A store has determined that the number of Blu-ray movies sold monthly is approximately
n(x) = 6750(0.929x) movies
where x is the average price in dollars.
(a) Write the function for the model giving revenue in dollars, where x is the average price in dollars.
R(x) =
dollars
(b) If each movie costs the store $10.00, write the function for the model that gives profit in dollars, where x is the average price in dollars.
P(x) =
dollars
(c) Complete the table. (Round your answers to three decimal places.)Rates of Change of Revenue and Profit
Price | Rate of change of revenue (dollars per dollar) | Rate of change of profit (dollars per dollar) |
---|---|---|
$13 | ||
$14 | ||
$20 | ||
$21 | ||
$22 |
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Get StartedRecommended Textbook for
Statistics Principles And Methods
Authors: Richard A. Johnson, Gouri K. Bhattacharyya
7th Edition
8126557745, 470904119, 978-0470904114
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