Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Price-Supply Equation The number a: of bicycle. helmets a retail chain is willing to sell per week at a price of $13 is given by

image text in transcribedimage text in transcribedimage text in transcribed

image text in transcribedimage text in transcribedimage text in transcribed
Price-Supply Equation The number a: of bicycle. helmets a retail chain is willing to sell per week at a price of $13 is given by 332a lplbc, where a 2 83, b = 27, and c = 386. Find the instantaneous rate of change of the supply with respect to price when the price is $74. Round to the nearest hundredth (2 decimal places). helmets per dollar Question 4 7 pts Price-Demand Equation At YasterMart, people are willing to buy m pounds of chocolate candy per day at $19 dollars per quarter pound, as given by the price-demand 1) equation a: = a + , where a = 12 and b = 220. P Find the instantaneous rate of change of demand with respect to price when the price is $3.02. Round to the nearest hundredth (2 decimal places) pounds per dollar Question 7 7 pts Marginal Prot Yaster Breakfast Supplies is planning to manufacture and market a new toaster. After conducting extensive market surveys, the research department provides the following estimates: 0 a weekly demand of 307 at a price of $15 per toaster o a weekly demand of 202 at a price of $17 per toaster The nancial department estimates that weekly xed costs will be $1,372 and variable costs (cost per unit) will be $4. Assume: o the relationship between price and demand is linear o the cost function in linear Use your models to predict the marginal prot when Yaster is producing and selling 247 toasters per week. Round to the nearest cent. $ per toaster

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Differential Equations On Fractals A Tutorial

Authors: Robert S Strichartz

1st Edition

0691186839, 9780691186832

More Books

Students also viewed these Mathematics questions

Question

How would you respond to each of the girls?

Answered: 1 week ago

Question

What is sensitivity analysis? 369

Answered: 1 week ago

Question

What are the steps in a Monte Carlo simulation? lop552

Answered: 1 week ago