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10.5 Graph of 1. AAA Dance Shoes makes dancing shoes with leather soles. The shoes cost $29 to manufacture. The fixed cost for the product line is $45,000. The company has determined their demand function to be q = -200p + 30,000, where p is the price for each pair of shoes. Write the expense and revenue functions in terms of price.

10.5 Graph of 1. AAA Dance Shoes makes dancing shoes with leather soles. The shoes cost $29 to manufacture. The fixed cost for the product line is $45,000. The company has determined their demand function to be q = -200p + 30,000, where p is the price for each pair of shoes. Write the expense and revenue functions in terms of price.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Help me please, thank youuu, this is for financial math 2!!
10.5 Graph of Expense and Revenue Functions 1. AAA Dance Shoes makes dancing shoes with leather soles. The shoes cost $29 to manufacture. The fixed cost for the product line is $45,000. The company has determined their demand function to be q = -200p + 30,000, where p is the price for each pair of shoes. Write the expense and revenue functions in terms of price. 2. In what shape is the graph of a revenue function? 11.01
Transcribed Image Text:10.5 Graph of Expense and Revenue Functions 1. AAA Dance Shoes makes dancing shoes with leather soles. The shoes cost $29 to manufacture. The fixed cost for the product line is $45,000. The company has determined their demand function to be q = -200p + 30,000, where p is the price for each pair of shoes. Write the expense and revenue functions in terms of price. 2. In what shape is the graph of a revenue function? 11.01
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