Use the Sales information above to answer this question.Select the words or phrases that give a correct interpretation of the statement p(5) = 51.3.When the demand is [Select]price for one [Select][Select]When the price for one [Select][Select][ Select]<[Select]is [Select]is [Select], the demand is [Select]>the< Thingamabob SalesYaster Inc. is trying to enter the thingamabob market. The researchdepartment established the following price-demand, cost, and revenuefunctions:p(x) = 57 1.14x-Price-demandfunctionCostfunctionC(x) = 215 + 11xR(x) = xp(x) = x(57 - 1.14x)where x is in thousands of thingamabobs and C(x) and R(x) are inthousands of dollars. The price p(x) is the price in dollars of onethingamabob when the demand is a thousand thingamabobs. All threefunctions have domain 1 ≤ x ≤ 50.Use this information to answer the questions below.Revenuefunction

Here x denotes the number of thingamabobs in thousands and p(x) is the price in dollars for one…

Use the Sales information above to answer this question. Select the words or phrases that give a correct interpretation of the statement p(5) = 51.3. When the demand is [Select] price for one [Select] [ Select] When the price for one [Select ] [Select] [Select] [Select] ✓is [Select] is the demand is [Select] [Select] > the >

Use the Sales information above to answer this question. Select the words or phrases that give a correct interpretation of the statement p(5) = 51.3. When the demand is [Select] price for one [Select] [ Select] When the price for one [Select ] [Select] [Select] [Select] ✓is [Select] is the demand is [Select] [Select] > the >

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,...

See similar textbooks

Related questions

Q: Use the table to express the 2006 fatality rate in deaths per 100 million vehicle-miles traveled.…

A: See the handwritten solution

Q: Tuesday Do Now: Pattem 2 Pattern 3 Pattem 1 1. What do you notice about this pattern? 2. What do you…

A: We have to find about pattern , number of boxes in 4th and 50th pattern . According to Bartleby…

Q: -7 5 M57 ト个人

A: We need to determine if the above figure represents a function or not. A function f:X→Y is a binary…

Q: Fuppose that the relation R indicates whether c articular student is registered for a particular c…

A: In this question, the concept of Relation is applied. Relation The relation is a relationship…

Q: Let X denote the number of siblingsof a randomly selected student. Explain the difference between…

A: Let X denote the number of siblings of a randomly selected student.

Q: 2. Consider the conditional mean of X₁ given X2. This conditional mean is a function of X₁. True or…

A: It is given that the statement about to the conditional mean. Here, need to find out the given…

Q: The scatterplot in the figure shows the relationship between the countries animal for capital income…

A: 13. The variable X represents the per capital income and variable Y represents the percentage of…

Q: 1) Which type of function is each table? Explain. 2) Write the recursive and explicit rule. X 0 1 2…

Q: A pediatrician wants to determine the relation that exists between a child's height, x, and head…

A: It is known that y represents the value of head circumference in inches and x represents the value…

Q: 14. State the domain of the following function -4 -96 -4 2 2 4 6. 2.

Q: Express the verbal representation for the function, f, symbolically, numerically, and graphically.…

A: To express the verbal representation for the function, symbolically, numerically, and graphically.…

Q: Suppose the supply per week for a product is 1254 units if the price per unit is $46 and 1518 units…

A: number of units/week supplied = 1254 price per unit $46 price per unit of 1518 units = 79$

Q: 1. Sam buys a pair of shoes and has a coupon for $15 off. The day he buys the shoes, the store has a…

A: 1 a. We have given coupon off =$15 sale offer =20% C=p-15 where p is price of pairs of shoes.…

Q: Let A {a, b, c, d, e} and B = {1, 2, 3}. a. Find the number of 1-1 functions from A to A b. Find the…

Q: A pediatrician wants to determine the relation that exists between a child's height, x, and head…

Q: Exercise 5. A list of 40 number is arranged in increasing order wi < w2 < <W40 · Which of following…

Q: Mr. Hogan asked the class which is not a dependent variable? A: value of your car after 5 years B:…

A: Given: Mr. Hogan asked the class which is not a dependent variable

Q: 2. The profit P (in dollars) made by a company selling r tablets can be modeled by P=1.64x- 2500; r>…

A: We have to solve the problem

Q: Write the function rule for each graph. a. 2 -5 -4 -3 -2 -1 3 4. 1 -2 -4. -5

Q: Short Answer 1: Define each variable by type (categorical or numerical) and sub-type (nominal,…

A: Given information: Following variables are provided: Weight Shoe size Letter Grade (A, B,…

Question

Thingamabob Sales
Yaster Inc. is trying to enter the thingamabob market. The research
department established the following price-demand, cost, and revenue
functions:
p(x) = 57 1.14x
-
Price-
demand
function
Cost
function
C(x) = 215 + 11x
R(x) = xp(x) = x(57 - 1.14x)
where x is in thousands of thingamabobs and C(x) and R(x) are in
thousands of dollars. The price p(x) is the price in dollars of one
thingamabob when the demand is a thousand thingamabobs. All three
functions have domain 1 ≤ x ≤ 50.
Use this information to answer the questions below.
Revenue
function

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

15. FINANCE For every transaction, a certain financial advisor gets a 5% commission, regardless of whether the transaction is a deposit or withdrawal. Write a formula using the absolute value function for the advisor's commission C. Let D represent the value of one transaction.
indicate whether the following statements show positive or negative relationships: Positive Negative The more hours of TV watched per day, the less people will exercise. O OThe greater your social network, the more likely you are to get a job offer. O OThe lower the temperature outside, the lower the crime rate. O OThe less a woman weighs, the more likely she will have a bone fracture. O O
Estimate the instantaneous increase in spending in the year 2004 by taking the average of two average rates of change.
10). A function g is given. Identify the parents function. Then use the steps for graphing multiple transformations of list in order.
The following line graph shows the price of a stock over the previous two weeks. Use the graph to determine the number of days in which the price was between $50$⁢50 and $60$⁢60. Value of Stock for Two WeeksDay1234567891011121314Price (in Dollars)40506070
d. Explain why this relationship describes y as a function of x. Choose the correct answer below. A. Each input gives more than one output. B. Each input gives exactly one output. C. Each input gives exactly two outputs.
Use the table to the right to calculate the federal income tax due for a taxable income of 208,000.
13. Determine if the following is a function or not. The set of ordered pairs {(93292, Visalia), (93230, Hanford), (93274, Tulare), (93277, Visalia)}
02. Which is the symbolic representation for a ceiling step function. A. f(x) = [x] B. f (x) = x C. f (x) = [x] D. Not Given
Fill in the blanks outside the table showing the changes in the x- and y-values. Then, answer the questions. 1) a. Is it a linear function? b. Why/Why not? -3 1. -2 -1 3 4 1 5 2) a. Is it a linear function? b. Why/Why not? -5 2 1. -2 4 -1 6 1. 2 8 1. 10 3) -10 a. Is it a linear function? 1. -5 b. Why/Why not? 4 2 5 1. 10 -3 4) y a. Is it a linear function? b. Why/Why not? -1 -9 ]. -4 1. 1 1. 3 7 11 1. 11 15