Revenue, cost, and profit functions. A company manufactures 10- and 3-speed bicycles. The weekly demand and cost equations are
where $p is the price of a 10-speed bicycle, $q is the price of a 3-speed bicycle, x is the weekly demand for 10-speed bicycles, y is the weekly demand for 3-speed bicycles, and C(x, y) is the cost function. Find the weekly revenue function R(x, y) and the weekly profit function P(x, y). Evaluate R(10, 15) and P(10, 15).
Want to see the full answer?
Check out a sample textbook solutionChapter 7 Solutions
Calculus for Business, Economics, Life Sciences, and Social Sciences (13th Edition)
- 5. Find the greatest common divisor (GCD) of 24 and 36. 6. Is 121 a prime number? If not, find its factors.arrow_forward13. If a fair coin is flipped, what is the probability of getting heads? 14. A bag contains 3 red balls and 2 blue balls. If one ball is picked at random, what is the probability of picking a red ball?arrow_forward24. What is the value of ¿4, where i 25. Simplify log2 (8). = −1? 26. If P(x) = x³- 2x² + 5x - 10, find P(2). 27. Solve for x: e2x = 7.arrow_forward
- Listen ANALYZING RELATIONSHIPS Describe the x-values for which (a) f is increasing or decreasing, (b) f(x) > 0 and (c) f(x) <0. y Af -2 1 2 4x a. The function is increasing when and decreasing whenarrow_forwardBy forming the augmented matrix corresponding to this system of equations and usingGaussian elimination, find the values of t and u that imply the system:(i) is inconsistent.(ii) has infinitely many solutions.(iii) has a unique solutiona=2 b=1arrow_forward3/4+1/2=arrow_forwardif a=2 and b=1 1) Calculate 49(B-1)2+7B−1AT+7ATB−1+(AT)2 2)Find a matrix C such that (B − 2C)-1=A 3) Find a non-diagonal matrix E ̸= B such that det(AB) = det(AE)arrow_forward1.2.17. (!) Let G,, be the graph whose vertices are the permutations of (1,..., n}, with two permutations a₁, ..., a,, and b₁, ..., b, adjacent if they differ by interchanging a pair of adjacent entries (G3 shown below). Prove that G,, is connected. 132 123 213 312 321 231arrow_forwardProve that Pleas -- Pleas A collection, Alof countinoes Sunction on a toplogical spacex separetes Point from closed setsinx (f the set S" (V) for KEA and V open set in xx from base for Top onx. @If faixe A} is collection of countinuous fancton on a top space X Wich Separates Points from closed sets then the toplogy on x is weak Top logy.arrow_forwardarrow_back_iosSEE MORE QUESTIONSarrow_forward_ios
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningAlgebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
- Elementary AlgebraAlgebraISBN:9780998625713Author:Lynn Marecek, MaryAnne Anthony-SmithPublisher:OpenStax - Rice UniversityGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt