Answered: A supermarket sells two brands of…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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Find the daily revenue function given two equations

$A supermarket sells two brands of coffee: brand A and brand B. The demand functions for each brand are given by the following equations, where $ p $ and $ q $ are the prices per pound of brand A and brand B, respectively: \[ x = 150 - 5p + 3q \] \[ y = 300 + 4p - 7q \] Find the daily revenue function $ R(p,q) $. Evaluate $ R(2,3) $ and $ R(3,2) $. \[ R(p,q) = \text{[Enter your answer in the box]} \] \[ R(2,3) = \$ \text{[Simplify your answer]} \] \[ R(3,2) = \$ \text{[Simplify your answer]} \] Enter your answer in each of the answer boxes.$

Transcribed Image Text:A supermarket sells two brands of coffee: brand A and brand B. The demand functions for each brand are given by the following equations, where $ p $ and $ q $ are the prices per pound of brand A and brand B, respectively: \[ x = 150 - 5p + 3q \] \[ y = 300 + 4p - 7q \] Find the daily revenue function $ R(p,q) $. Evaluate $ R(2,3) $ and $ R(3,2) $. \[ R(p,q) = \text{[Enter your answer in the box]} \] \[ R(2,3) = \$ \text{[Simplify your answer]} \] \[ R(3,2) = \$ \text{[Simplify your answer]} \] Enter your answer in each of the answer boxes.

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