In general, the highest price p per unit of an item at which a manufacturer can sell N items is not constant but is, rather, a function of N. Suppose the manufacturer of widgets has developed the following table showing the highest price p, in dollars, of a widget at which N widgets can be sold. Number N Price p 250 41.50 300 40.80 350 40.10 400 39.40 Find a formula for p in terms of N modeling the data in the table. a) p = –45N – 0.014 b) p = 45N – 0.014 c) p = –45N + 0.014 d) p = –0.014N + 45
In general, the highest price p per unit of an item at which a manufacturer can sell N items is not constant but is, rather, a function of N. Suppose the manufacturer of widgets has developed the following table showing the highest price p, in dollars, of a widget at which N widgets can be sold. Number N Price p 250 41.50 300 40.80 350 40.10 400 39.40 Find a formula for p in terms of N modeling the data in the table. a) p = –45N – 0.014 b) p = 45N – 0.014 c) p = –45N + 0.014 d) p = –0.014N + 45
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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In general, the highest price p per unit of an item at which a manufacturer can sell N items is not constant but is, rather, a function of N. Suppose the manufacturer of widgets has developed the following table showing the highest price p, in dollars, of a widget at which N widgets can be sold.
Number N Price p
250 41.50
300 40.80
350 40.10
400 39.40
Find a formula for p in terms of N modeling the data in the table.
a) p = –45N – 0.014
b) p = 45N – 0.014
c) p = –45N + 0.014
d) p = –0.014N + 45
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