Suppose a dog house manufacturer sells two types of dog houses. Let x represent the demand for the deluxe dog house, in thousands, and y represent the demand for the regular dog house, in thousands. If the price-demand functions for the two dog houses respectively are P₁ = 8.5 0.4x - 0.1y P₂ = 8.2 0.3x - 0.8y a) What is the equation of the revenue function ? R(x,y)= b) What is the revenue when the demand for deluxe dog houses is 9 and regular dog houses is 3? thousand dollars
Suppose a dog house manufacturer sells two types of dog houses. Let x represent the demand for the deluxe dog house, in thousands, and y represent the demand for the regular dog house, in thousands. If the price-demand functions for the two dog houses respectively are P₁ = 8.5 0.4x - 0.1y P₂ = 8.2 0.3x - 0.8y a) What is the equation of the revenue function ? R(x,y)= b) What is the revenue when the demand for deluxe dog houses is 9 and regular dog houses is 3? thousand dollars
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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Transcribed Image Text:Suppose a dog house manufacturer sells two types of dog houses. Let x represent the demand for the
deluxe dog house, in thousands, and y represent the demand for the regular dog house, in thousands. If the
price-demand functions for the two dog houses respectively are
P₁ = 8.5 -0.4x – 0.1y
P₂ = 8.2 0.3x - 0.8y
a) What is the equation of the revenue function ? R(x,y)=
b) What is the revenue when the demand for deluxe dog houses is 9 and regular dog houses is 3?
thousand dollars
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