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Name The quadratic formula spread sheet from blackboard is available for you to use. 1. Suppose that a snow globe company has found that
Name The quadratic formula spread sheet from blackboard is available for you to use. 1. Suppose that a snow globe company has found that for a Montco Globe the monthly demand is 105 globes when the price is $9.75. However, when the price is $12.95 the monthly demand is 78 globes. Assuming that the demand function is linear, write an equation for the demand function. Use p for price and q for quantity. Your final answer must be in function notation. 2. A manufacturer of a particular oven has a fixed cost of $210 and a variable cost of $87 for each oven produced during a given month. a Write the function that represents the total cost. b. What is the marginal cost, and what does it mean?
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