Given cost and price (demand) functions C(q)=130q+47,800 and p(q)=−2.7q+820, what price should the company set to earn $55,000 in revenue? The price should be a low of $enter your response here or a high of $enter your response here.
Given cost and price (demand) functions C(q)=130q+47,800 and p(q)=−2.7q+820, what price should the company set to earn $55,000 in revenue? The price should be a low of $enter your response here or a high of $enter your response here.
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question
Given cost and price (demand) functions
C(q)=130q+47,800
and
p(q)=−2.7q+820,
what price should the company set to earn
$55,000
in
revenue?
The price should be a low of
$enter your response here
or a high of
$enter your response here.
(Round answer to nearest cent.)
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