
T-Shirt Profit Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to benefit homeless people on Long Island. They will sell Yoda vs. Alien T-shirts in the student center but are not sure how much to charge. Sig Ep treasurer Augustus recalls that they once sold 400 shirts in a week at $8 per shirt, but Ep Sig treasurer Julius has solid research indicating that it is possible to sell 600 per week at $4 per shirt.
a. On the basis of this information, construct a linear demand equation for Yoda vs. Alien T-shirts. Hence, obtain the weekly revenue R as a function of the unit price x.
b. The university administration charges the fraternities a weekly fee of $500 for use of the student center. Write down the monthly profit P as a function of the unit price x. Hence, determine how much the fraternities should charge to obtain the largest possible weekly profit. What is the largest possible weekly profit? [HINT: See Example 4.]

Want to see the full answer?
Check out a sample textbook solution
Chapter 2 Solutions
Applied Calculus
- Let f(x, y) = 2x + 3y+ In(xy)arrow_forward(3) (16 points) Let D = [0, π/2] × [0, 7/6]. Define T: DCR2 R3 by → T(0, 4) = (2 sin cos 0, 2 sin sin 0, 2 cos x). Let S be the surface parametrized by T. (a) (8 points) Determine the normal, call it n(p), for the tangent plane TS at an arbitrary point p = T(0, 4). (b) (4 points) Show that n(p) parallel to the position vector T(0, 4) determined by p? Do the two vectors have the same direction or opposite direction? Explain. (c) (4 points) At which points p, if any, is TS parallel to the xy-plane?arrow_forward5:19 0 TEMU TEMU >>> 49 95% University at Albany - Single Sig... L Lumen OHM D2L HW4- AMAT100-Precal HW4 Score: 12.99/21 Answered: 18/21 × Question 16 Score on last try: 0 of 1 pts. See Details for more. > Next question Get a similar question You can retry this question below Find the inverse for the function k(x) = √√7x+12 k-¹(x) = Question Help: Video Message instructor Submit Question esc ||| F1 80 ୮ (x) = tarrow_forward
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillElementary AlgebraAlgebraISBN:9780998625713Author:Lynn Marecek, MaryAnne Anthony-SmithPublisher:OpenStax - Rice University
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningAlgebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell




