Concept explainers
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
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.
Trending nowThis is a popular solution!
Chapter 5 Solutions
Applied Calculus, Loose-leaf Version
- Forces of 9 pounds and 15 pounds act on each other with an angle of 72°. The magnitude of the resultant force The resultant force has an angle of pounds. * with the 9 pound force. The resultant force has an angle of with the 15 pound force. It is best to calculate each angle separately and check by seeing if they add to 72°.arrow_forward= Let (6,2,-5) and = (5,4, -6). Compute the following: บี.บี. บี. นี = 2 −4(u. v) = (-4). v= ū. (-40) (ū. v) v =arrow_forwardLet ā-6+4j- 1k and b = 7i8j+3k. Find a. b.arrow_forward
- Find the volume of the parallelepiped determined by the vectors a = (3, 5, −1), ☎ = (0, 3, 1), c = (2,4,1).arrow_forwardFind the area of a triangle PQR, where P = (-5,6, -1), Q = (1, -3, -2), and R = (-5, -1,4)arrow_forward17. [-/1 Points] DETAILS MY NOTES SESSCALCET2 6.2.050. Evaluate the integral. (Remember to use absolute values where appropriate. Use C for the constant of integration.) du 4√3- -4² Need Help? Read It SUBMIT ANSWER 18. [-/1 Points] DETAILS MY NOTES SESSCALCET2 6.2.051. Evaluate the integral. (Use C for the constant of integration.) - 49 dx x² +3 Need Help? Read It Watch It SUBMIT ANSWER 19. [-/1 Points] DETAILS MY NOTES SESSCALCET2 6.2.057. Evaluate the integral. (Remember to use absolute values where appropriate. Use C for the constant of integration.) 25+ x2 dxarrow_forward
- Let (5,3,-7) and = (2, -3, -6). = Compute the following: u× u = -4(u xv) ux (-4v) (+v) × v=arrow_forwardLet a = (4, -2, -7) and 6 = (2,5, 3). (ã − ò) × (ã + b) =arrow_forwardUse the graph of the function y = f (x) to find the value, if possible. f(x) 8 7 6 Q5 y 3 2 1 x -8 -7 -6 -5 -4 -3 -2 -1 1 2 3 4 5 6 7 8 -1 -2 -3 -4 -5 -6 -7 -8+ Olim f(z) x-1+ O Limit does not exist.arrow_forward
- Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin HarcourtTrigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
- Algebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill