The market research department of an electronics company has determined that the demand and cost equations for the production of an MP3 player, are x = 300 - 5 p and C (x) = 2250 + 5 x, where x is the number of MP3 players and p is the price in dollars. Express the cost and revenue as functions of the price p. Find the p values which give the break-even points. Your answer must be the larger break-even point.
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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.
The market research department of an electronics company has determined that the demand and cost equations for the production of an MP3 player, are
x = 300 - 5 p and C (x) = 2250 + 5 x, where x is the number of MP3 players and p is the price in dollars.
Express the cost and revenue as functions of the price p. Find the p values which give the break-even points. Your answer must be the larger break-even point.
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