a)
To determine the number of customers that would make the business profitable.
The number of customers that would make the business profitable:
Given:
The revenue function:
The cost function:
Concept Used:
Given the functions,
The function
Find the profit function
Thus, the profit function:
Find the least positive
Solve the inequality
Thus, the least natural number that makes
That is, the least number of customers that would make the business profitable:
Conclusion:
The least number of customers that would make the business profitable:
b)
To find the number of customers the model would predict for a profit of
As per the model, a total number of
Found the profit function:
Calculation:
Substitute
Solve the equation
That is,
Thus,
That is, a total number of
Conclusion:
As per the model, a total number of
Chapter 2 Solutions
PRECALCULUS:GRAPHICAL,...-W/ACCESS
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