Question
A chain of paint store carries two brands of latex paint. Sales figures indicate that if the first brand it sold for x dollars per
A chain of paint store carries two brands of latex paint. Sales figures indicate that if the first brand it sold for x dollars per gallon and the second for y dollars per gallon, the demand for the first brand will be DI(x, y) 300 10x80y gallons per month and the demand for the second brand will be D2(x, y)- 400 90x- 10y gallons per month.
(a) Express the chain of paint store's monthly revenue from the sale of paint as a function of x and y R(x, y): 700 +80%+70-y Reminders:
1) Use the correct variables.
2) Do not use blank spaces ever.
3) Use the multiplication"" and division "" symbols correctly and consistently as needed. Submit Answer Incorrect. Tries 1/10 Previous Tries
(b) Compute the revenue from part (a) if the first brand it sold for S24 per gallon and the second for S18 per gallon.
Step by Step Solution
3.37 Rating (169 Votes )
There are 3 Steps involved in it
Step: 1
Given The demand for the first brand is D x y40020x80y The dem...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started