Explanation Given information: The number of pies that can be sold when price is P dollars is given by a linear function. When price is $ 5.00 per unit then 100 pies can be sold. When price is $ 10.00 per unit then 40 pies can be sold. Concepts used: Slope intercept form of a line is given as, y = m x + b where m is the slope of line and b is y -intercept. Calculation: As per the given information, The number of pies that can be sold when price is P dollars is given by a linear function N ( P ) . Let us suppose N ( P ) = m P + c ...eq(i) where P is the price of one pie and N ( P ) is number of pies sold. Also, when price is $ 5.00 per unit then 100 pies can be sold. i .e . N ( 5 ) = 100 ⇒ 5 m + c = 100 ... eq(ii) When price is $ 10 To determine (b) The slope of linear function N ( P ) . To determine (c) The price which maximizes the revenue.

4th Edition

ISBN: 9781319055905

Author: FRANZOSA

Publisher: VST

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Question

Chapter 1.2, Problem 28E

To determine

(a)

The linear function N(P).

To determine

(b)

The slope of linear function N(P).

To determine

(c)

The price which maximizes the revenue.

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Chapter 1.2, Problem 27E

Chapter 1.2, Problem 29E

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Chapter 1 Solutions

EBK CALCULUS: EARLY TRANSCENDENTALS

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Ch. 1.1 - Prob. 1E Ch. 1.1 - Prob. 2E Ch. 1.1 - Prob. 3E Ch. 1.1 - Prob. 4E Ch. 1.1 - Prob. 5E Ch. 1.1 - Prob. 6E Ch. 1.1 - Prob. 7E Ch. 1.1 - Prob. 8E Ch. 1.1 - Prob. 9E Ch. 1.1 - Prob. 10E Ch. 1.1 - Prob. 11E Ch. 1.1 - Prob. 12E Ch. 1.1 - Prob. 13E Ch. 1.1 - Prob. 14E Ch. 1.1 - Prob. 15E Ch. 1.1 - Prob. 16E Ch. 1.1 - Prob. 17E Ch. 1.1 - Prob. 18E Ch. 1.1 - Prob. 19E Ch. 1.1 - Prob. 20E Ch. 1.1 - Prob. 21E Ch. 1.1 - Prob. 22E Ch. 1.1 - Prob. 23E Ch. 1.1 - Prob. 24E Ch. 1.1 - Prob. 25E Ch. 1.1 - Prob. 26E Ch. 1.1 - Prob. 27E Ch. 1.1 - Prob. 28E Ch. 1.1 - Prob. 29E Ch. 1.1 - Prob. 30E Ch. 1.1 - Prob. 31E Ch. 1.1 - Prob. 32E Ch. 1.1 - Prob. 33E Ch. 1.1 - Prob. 34E Ch. 1.1 - Prob. 35E Ch. 1.1 - Prob. 36E Ch. 1.1 - Prob. 37E Ch. 1.1 - Prob. 38E Ch. 1.1 - Prob. 39E Ch. 1.1 - Prob. 40E Ch. 1.1 - Prob. 41E Ch. 1.1 - Prob. 42E Ch. 1.1 - Prob. 43E Ch. 1.1 - Prob. 44E Ch. 1.1 - Prob. 45E Ch. 1.1 - Prob. 46E Ch. 1.1 - Prob. 47E Ch. 1.1 - Prob. 48E Ch. 1.1 - Prob. 49E Ch. 1.1 - Prob. 50E Ch. 1.1 - 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