Question
The price p of a certain product and the quantity x sold obey the demand equation shown 1 3x 300 0 x 900 p Suppose
The price p of a certain product and the quantity x sold obey the demand equation shown 1 3x 300 0 x 900 p Suppose that the cost C of producing x units is C x 150 Assuming that all items produced are sold find the cost C as a function of the price p Hint Solve for x in the demand equation and then form the composite What is the cost C as a function of the price C p Simplify your answer 400
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Finite Mathematics An Applied Approach
Authors: Michael Sullivan
11th Edition
1118050258, 9781118050255
