Raelynn runs a sporting goods store where she sells kayaks. She knows from past experience that her demand equation is P=−2x+40P=-2x+40 where x is the number of kayaks she can sell at price P. Determine the revenue equation and then use the equation to determine the number of kayaks Raelynn must sell in order to maximize revenue.
Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
Raelynn runs a sporting goods store where she sells kayaks. She knows from past experience that her demand equation is P=−2x+40P=-2x+40 where x is the number of kayaks she can sell at price P. Determine the revenue equation and then use the equation to determine the number of kayaks Raelynn must sell in order to maximize revenue.
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