Finite Mathematics and Application Calculus (Looseleaf) - Text Only
Finite Mathematics and Application Calculus (Looseleaf) - Text Only
7th Edition
ISBN: 9781337291484
Author: Waner
Publisher: Cengage
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Differential Equations
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Chapter 12.6, Problem 22E

Modeling Linear Demand You have been hired as a marketing consultant by Big Book Publishing, Inc., and you have been approached to determine the best-selling price for the hit calculus text by Whiner and Istanbul entitled Fun with Derivatives. You decide to make life easy and assume that the demand equation for Fun with Derivatives has the linear form q = m p + b , where p is the price per book, q is the demand in annual sales, and m and b are certain constants you must determine.

a. Your market studies reveal the following sales figures: When the price is set at $50.00 per book, the sales amount to 10,000 per year; when the price is set at $80.00 per book, the sales drop to 1,000 per year. Use these data to calculate the demand equation.

b. Now estimate the unit price that maximizes annual revenue and predict what Big Book Publishing, Inc.’s annual revenue will be at that price.

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Chapter 12 Solutions

Finite Mathematics and Application Calculus (Looseleaf) - Text Only

Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...
Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 112, locate and classify all extrema...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 15ECh. 12.1 - Prob. 16ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 19ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 24ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 26ECh. 12.1 - Prob. 27ECh. 12.1 - Prob. 28ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 32ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 34ECh. 12.1 - Prob. 35ECh. 12.1 - Prob. 36ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 38ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 40ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 42ECh. 12.1 - In Exercises 13-44, find the exact location of all...Ch. 12.1 - Prob. 44ECh. 12.1 - In Exercises 4548, use graphing technology and the...Ch. 12.1 - Prob. 46ECh. 12.1 - Prob. 47ECh. 12.1 - Prob. 48ECh. 12.1 - In Exercises 4956 the graph of the derivative of a...Ch. 12.1 - Prob. 50ECh. 12.1 - In Exercises 4956 the graph of the derivative of a...Ch. 12.1 - Prob. 52ECh. 12.1 - In Exercises 4956 the graph of the derivative of a...Ch. 12.1 - Prob. 54ECh. 12.1 - Prob. 55ECh. 12.1 - Prob. 56ECh. 12.1 - Prob. 57ECh. 12.1 - Prob. 58ECh. 12.1 - Draw the graph of a function that has stationary...Ch. 12.1 - Prob. 60ECh. 12.1 - Prob. 61ECh. 12.1 - Prob. 62ECh. 12.1 - We said that if f is continuous on a closed...Ch. 12.1 - Prob. 64ECh. 12.1 - Prob. 65ECh. 12.1 - Prob. 66ECh. 12.2 - In Exercises 1-8, solve the given optimization...Ch. 12.2 - In Exercises 1-8, solve the given optimization...Ch. 12.2 - In Exercises 1-8, solve the given optimization...Ch. 12.2 - In Exercises 1-8, solve the given optimization...Ch. 12.2 - In Exercises 1-8, solve the given optimization...Ch. 12.2 - Prob. 6ECh. 12.2 - Prob. 7ECh. 12.2 - Prob. 8ECh. 12.2 - For a rectangle with perimeter 20 to have the...Ch. 12.2 - Prob. 10ECh. 12.2 - Advertising Costs The cost, in thousands of...Ch. 12.2 - Advertising Costs The cost, in billions of...Ch. 12.2 - Average Cost: iPhones Assume that it costs Apple...Ch. 12.2 - Prob. 14ECh. 12.2 - Prob. 15ECh. 12.2 - Prob. 16ECh. 12.2 - Prob. 17ECh. 12.2 - Prob. 18ECh. 12.2 - Fences I would like to create a rectangular...Ch. 12.2 - Fences I would like to create a rectangular orchid...Ch. 12.2 - Prob. 21ECh. 12.2 - Prob. 22ECh. 12.2 - Fences (Compare Exercise 19.) For tax reasons I...Ch. 12.2 - Fences (Compare Exercise 20.) For reasons too...Ch. 12.2 - Revenue Hercules Films is deciding on the price of...Ch. 12.2 - Prob. 26ECh. 12.2 - Prob. 27ECh. 12.2 - Projected Revenue: Smartphones Worldwide annual...Ch. 12.2 - Revenue: Monorail Service The demand for monorail...Ch. 12.2 - Prob. 30ECh. 12.2 - Prob. 31ECh. 12.2 - Prob. 32ECh. 12.2 - Prob. 33ECh. 12.2 - Prob. 34ECh. 12.2 - Profit: Smartphones (Compare Exercise 27.)...Ch. 12.2 - Projected Profit: Smartphones (Compare Exercise...Ch. 12.2 - Prob. 37ECh. 12.2 - Profit Because of sales by a competing company,...Ch. 12.2 - Prob. 39ECh. 12.2 - Metal Drums A company manufactures cylindrical...Ch. 12.2 - Tin Cans A company manufactures cylindrical tin...Ch. 12.2 - Prob. 42ECh. 12.2 - Prob. 43ECh. 12.2 - Prob. 44ECh. 12.2 - Box Design A packaging company is going to make...Ch. 12.2 - Prob. 46ECh. 12.2 - Prob. 47ECh. 12.2 - Carry-on Dimensions American Airlines requires...Ch. 12.2 - Prob. 49ECh. 12.2 - Prob. 50ECh. 12.2 - Package Dimensions The U.S. Postal Service (USPS)...Ch. 12.2 - Prob. 52ECh. 12.2 - Prob. 53ECh. 12.2 - Cellphone Revenues (Refer to Exercise 53.) If we...Ch. 12.2 - Prob. 55ECh. 12.2 - Prob. 56ECh. 12.2 - Prob. 57ECh. 12.2 - Prob. 58ECh. 12.2 - Prob. 59ECh. 12.2 - Prob. 60ECh. 12.2 - Average Profit The FeatureRich Software Company...Ch. 12.2 - Prob. 62ECh. 12.2 - Prob. 63ECh. 12.2 - Resource Allocation Your company is the largest...Ch. 12.2 - Prob. 65ECh. 12.2 - Prob. 66ECh. 12.2 - Prob. 67ECh. 12.2 - Prison Population The prison population in the...Ch. 12.2 - Prob. 69ECh. 12.2 - Prob. 70ECh. 12.2 - Prob. 71ECh. 12.2 - Prob. 72ECh. 12.2 - Prob. 73ECh. 12.2 - Prob. 74ECh. 12.2 - Prob. 75ECh. 12.2 - Agriculture Two years ago, your orange orchard...Ch. 12.2 - Prob. 77ECh. 12.2 - Prob. 78ECh. 12.2 - Prob. 79ECh. 12.2 - Prob. 80ECh. 12.2 - Prob. 81ECh. 12.2 - Prob. 82ECh. 12.2 - Prob. 83ECh. 12.2 - Prob. 84ECh. 12.2 - Prob. 85ECh. 12.2 - Explain how you would solve an optimization...Ch. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - Prob. 2ECh. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - Prob. 4ECh. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - Prob. 6ECh. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - In Exercises 1-10, calculate d2ydx2. [HINT: See...Ch. 12.3 - Prob. 10ECh. 12.3 - In Exercises 1116 the position s of a point (in...Ch. 12.3 - In Exercises 1116 the position s of a point (in...Ch. 12.3 - Prob. 13ECh. 12.3 - In Exercises 1116 the position s of a point (in...Ch. 12.3 - In Exercises 1116 the position s of a point (in...Ch. 12.3 - Prob. 16ECh. 12.3 - Prob. 17ECh. 12.3 - Prob. 18ECh. 12.3 - Prob. 19ECh. 12.3 - Prob. 20ECh. 12.3 - Prob. 21ECh. 12.3 - Prob. 22ECh. 12.3 - In Exercises 1724 the graph of a function is...Ch. 12.3 - Prob. 24ECh. 12.3 - Prob. 25ECh. 12.3 - Prob. 26ECh. 12.3 - Prob. 27ECh. 12.3 - Prob. 28ECh. 12.3 - Prob. 29ECh. 12.3 - Prob. 30ECh. 12.3 - Prob. 31ECh. 12.3 - Prob. 32ECh. 12.3 - Prob. 33ECh. 12.3 - In Exercises 3344, find the x-coordinates of all...Ch. 12.3 - Prob. 35ECh. 12.3 - Prob. 36ECh. 12.3 - Prob. 37ECh. 12.3 - Prob. 38ECh. 12.3 - Prob. 39ECh. 12.3 - Prob. 40ECh. 12.3 - Prob. 41ECh. 12.3 - Prob. 42ECh. 12.3 - Prob. 43ECh. 12.3 - Prob. 44ECh. 12.3 - Prob. 45ECh. 12.3 - Prob. 46ECh. 12.3 - Prob. 47ECh. 12.3 - Prob. 48ECh. 12.3 - Prob. 49ECh. 12.3 - Prob. 50ECh. 12.3 - Prob. 51ECh. 12.3 - Prob. 52ECh. 12.3 - Prob. 53ECh. 12.3 - Prob. 54ECh. 12.3 - Acceleration on Mars If a stone is dropped from a...Ch. 12.3 - Prob. 56ECh. 12.3 - Motion in a Straight Line The position of a...Ch. 12.3 - Motion in a Straight Line The position of a...Ch. 12.3 - Bottled Water Sales Annual sales of bottled water...Ch. 12.3 - Bottled Water Sales Annual U.S. per capita sales...Ch. 12.3 - Embryo Development The daily oxygen consumption of...Ch. 12.3 - Embryo Development The daily oxygen consumption of...Ch. 12.3 - Inflation The following graph shows the...Ch. 12.3 - Prob. 64ECh. 12.3 - Inflation The following graph shows the...Ch. 12.3 - Inflation The following graph shows the...Ch. 12.3 - Prob. 67ECh. 12.3 - Scientific Research: 19832003 The percentage of...Ch. 12.3 - Prob. 69ECh. 12.3 - Prob. 70ECh. 12.3 - Prob. 71ECh. 12.3 - Prob. 72ECh. 12.3 - Epidemics The following graph shows the total...Ch. 12.3 - Prob. 74ECh. 12.3 - Prob. 75ECh. 12.3 - Prob. 76ECh. 12.3 - Prob. 77ECh. 12.3 - Prob. 78ECh. 12.3 - Prob. 79ECh. 12.3 - Prob. 80ECh. 12.3 - Oil Imports from Mexico Daily oil production in...Ch. 12.3 - Oil Imports from Mexico Repeat Exercises 81 using...Ch. 12.3 - Prob. 83ECh. 12.3 - Prob. 84ECh. 12.3 - Prob. 85ECh. 12.3 - Prob. 86ECh. 12.3 - Prob. 87ECh. 12.3 - Prob. 88ECh. 12.3 - Prob. 89ECh. 12.3 - Prob. 90ECh. 12.3 - Prob. 91ECh. 12.3 - Prob. 92ECh. 12.3 - Prob. 93ECh. 12.3 - Prob. 94ECh. 12.3 - Prob. 95ECh. 12.3 - Prob. 96ECh. 12.3 - Prob. 97ECh. 12.3 - Prob. 98ECh. 12.4 - In Exercises 126, sketch the graph of the given...Ch. 12.4 - In Exercises 126, sketch the graph of the given...Ch. 12.4 - In Exercises 126, sketch the graph of the given...Ch. 12.4 - Prob. 4ECh. 12.4 - Prob. 5ECh. 12.4 - Prob. 6ECh. 12.4 - Prob. 7ECh. 12.4 - Prob. 8ECh. 12.4 - Prob. 9ECh. 12.4 - Prob. 10ECh. 12.4 - Prob. 11ECh. 12.4 - Prob. 12ECh. 12.4 - In Exercises 126, sketch the graph of the given...Ch. 12.4 - Prob. 14ECh. 12.4 - Prob. 15ECh. 12.4 - Prob. 16ECh. 12.4 - Prob. 17ECh. 12.4 - Prob. 18ECh. 12.4 - Prob. 19ECh. 12.4 - In Exercises 126, sketch the graph of the given...Ch. 12.4 - Prob. 21ECh. 12.4 - Prob. 22ECh. 12.4 - Prob. 23ECh. 12.4 - Prob. 24ECh. 12.4 - Prob. 25ECh. 12.4 - Prob. 26ECh. 12.4 - Prob. 27ECh. 12.4 - Prob. 28ECh. 12.4 - Prob. 29ECh. 12.4 - Prob. 30ECh. 12.4 - Prob. 31ECh. 12.4 - Prob. 32ECh. 12.4 - Prob. 33ECh. 12.4 - Prob. 34ECh. 12.4 - Consumer Price Index The following graph shows the...Ch. 12.4 - Prob. 36ECh. 12.4 - Prob. 37ECh. 12.4 - Prob. 38ECh. 12.4 - Average Cost: iPhone Assume that is costs Apple...Ch. 12.4 - Average Cost: PlayStation 4s Assume that it costs...Ch. 12.4 - Prob. 41ECh. 12.4 - Subprime Mortgage Debt during the Housing Bubble...Ch. 12.4 - Prob. 43ECh. 12.4 - Prob. 44ECh. 12.4 - Prob. 45ECh. 12.4 - Prob. 46ECh. 12.4 - Prob. 47ECh. 12.4 - Prob. 48ECh. 12.4 - Prob. 49ECh. 12.4 - Prob. 50ECh. 12.5 - Rewrite the statements and questions in Exercises...Ch. 12.5 - Rewrite the statements and questions in Exercises...Ch. 12.5 - Rewrite the statements and questions in Exercises...Ch. 12.5 - Rewrite the statements and questions in Exercises...Ch. 12.5 - Prob. 5ECh. 12.5 - Prob. 6ECh. 12.5 - Prob. 7ECh. 12.5 - Prob. 8ECh. 12.5 - Sunspots The area of a circular sunspot is growing...Ch. 12.5 - Puddles The radius of a circular puddle is growing...Ch. 12.5 - Prob. 11ECh. 12.5 - Prob. 12ECh. 12.5 - End of the Earth In 5 billion years the Sun will...Ch. 12.5 - Prob. 14ECh. 12.5 - Sliding Ladders The base of a 50-foot ladder is...Ch. 12.5 - Prob. 16ECh. 12.5 - Prob. 17ECh. 12.5 - Prob. 18ECh. 12.5 - Prob. 19ECh. 12.5 - Average Cost Repeat Exercise 19, using the revised...Ch. 12.5 - Prob. 21ECh. 12.5 - Supply The number of retro portable CD players you...Ch. 12.5 - Revenue You can now sell 50 cups of lemonade per...Ch. 12.5 - Prob. 24ECh. 12.5 - Prob. 25ECh. 12.5 - Oil Expenditures Daily oil imports to the United...Ch. 12.5 - Resource Allocation Your company manufactures...Ch. 12.5 - Prob. 28ECh. 12.5 - Prob. 29ECh. 12.5 - Prob. 30ECh. 12.5 - Prob. 31ECh. 12.5 - Demand The demand equation for rubies at Royal...Ch. 12.5 - Prob. 33ECh. 12.5 - Prob. 34ECh. 12.5 - Baseball A baseball diamond is a square with side...Ch. 12.5 - Prob. 36ECh. 12.5 - Movement along a Graph A point on the graph of...Ch. 12.5 - Prob. 38ECh. 12.5 - Prob. 39ECh. 12.5 - Prob. 40ECh. 12.5 - Prob. 41ECh. 12.5 - Prob. 42ECh. 12.5 - Cones A right circular conical vessel is being...Ch. 12.5 - More Cones A circular conical vessel is being...Ch. 12.5 - Prob. 45ECh. 12.5 - Prob. 46ECh. 12.5 - Prob. 47ECh. 12.5 - Computers vs. Income Refer back to the model in...Ch. 12.5 - Prob. 49ECh. 12.5 - Prob. 50ECh. 12.5 - Prob. 51ECh. 12.5 - Prob. 52ECh. 12.5 - Prob. 53ECh. 12.5 - Prob. 54ECh. 12.5 - Prob. 55ECh. 12.5 - Prob. 56ECh. 12.5 - Prob. 57ECh. 12.5 - Prob. 58ECh. 12.5 - Prob. 59ECh. 12.5 - Prob. 60ECh. 12.5 - Prob. 61ECh. 12.5 - Prob. 62ECh. 12.6 - Demand for Oranges The weekly sales of Honolulu...Ch. 12.6 - Demand for Oranges Repeat Exercise 1 for weekly...Ch. 12.6 - Demand for Smartphones Worldwide annual sales of...Ch. 12.6 - Prob. 4ECh. 12.6 - Prob. 5ECh. 12.6 - Monorail Services The demand for monorail service...Ch. 12.6 - Tissues The consumer demand equation for tissues...Ch. 12.6 - Bodybuilding The consumer demand curve for...Ch. 12.6 - T-Shirts The Physics Club sells E=mc2 T-shirts at...Ch. 12.6 - Comics The demand curve for original Iguanawoman...Ch. 12.6 - E-Readers The demand for Amazons Kindle e-reader...Ch. 12.6 - Monorail Service on Mars The demand for monorail...Ch. 12.6 - Corn In the 1930s the economist Henry Schultz...Ch. 12.6 - Demand for Fried Chicken A fried chicken franchise...Ch. 12.6 - Paint-By-Number The estimated monthly sales of...Ch. 12.6 - Prob. 16ECh. 12.6 - Prob. 17ECh. 12.6 - Prob. 18ECh. 12.6 - Hyperbolic Demand Functions A general hyperbolic...Ch. 12.6 - Quadratic Demand Functions A general quadratic...Ch. 12.6 - Modeling Linear Demand You have been hired as a...Ch. 12.6 - Modeling Linear Demand You have been hired as a...Ch. 12.6 - Modeling Exponential Demand As the new owner of a...Ch. 12.6 - Prob. 24ECh. 12.6 - Income Elasticity of Demand: Live Drama The...Ch. 12.6 - Prob. 26ECh. 12.6 - Income Elasticity of Demand: Broadband in 2010 The...Ch. 12.6 - Prob. 28ECh. 12.6 - Income Elasticity of Demand: Computer Usage in the...Ch. 12.6 - Prob. 30ECh. 12.6 - Prob. 31ECh. 12.6 - Price Elasticity of Supply Given a supply equation...Ch. 12.6 - Income Elasticity of Demand (based on a question...Ch. 12.6 - Prob. 34ECh. 12.6 - Prob. 35ECh. 12.6 - Prob. 36ECh. 12.6 - Prob. 37ECh. 12.6 - Prob. 38ECh. 12.6 - Prob. 39ECh. 12.6 - Prob. 40ECh. 12 - In Exercises 18, find all the relative and...Ch. 12 - Prob. 2RECh. 12 - Prob. 3RECh. 12 - Prob. 4RECh. 12 - Prob. 5RECh. 12 - Prob. 6RECh. 12 - Prob. 7RECh. 12 - Prob. 8RECh. 12 - Prob. 9RECh. 12 - Prob. 10RECh. 12 - Prob. 11RECh. 12 - Prob. 12RECh. 12 - Prob. 13RECh. 12 - Prob. 14RECh. 12 - Prob. 15RECh. 12 - Prob. 16RECh. 12 - Prob. 17RECh. 12 - Prob. 18RECh. 12 - Prob. 19RECh. 12 - Prob. 20RECh. 12 - Prob. 21RECh. 12 - Prob. 22RECh. 12 - Revenue Demand for the latest best-seller at...Ch. 12 - Prob. 24RECh. 12 - Prob. 25RECh. 12 - Prob. 26RECh. 12 - Office Space Although still a sophomore at...Ch. 12 - Prob. 28RECh. 12 - Box Design The sales department at...Ch. 12 - Prob. 30RECh. 12 - Prob. 31RECh. 12 - Prob. 32RECh. 12 - Prob. 33RECh. 12 - Prob. 34RECh. 12 - Elasticity of Demand (Compare Exercise 23.) Demand...Ch. 12 - Prob. 36RECh. 12 - Prob. 37RECh. 12 - Prob. 38RE
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